HSBC Holdings plc Reaffirms “Reduce” Rating for Wizz Air Holdings PLC (WIZZ)
Wizz Air Holdings PLC (LON:WIZZ)‘s stock had its “reduce” rating reiterated by HSBC Holdings plc in a report released on Thursday. They presently have a GBX 2,000 ($26.57) target price on the stock. HSBC Holdings plc’s price objective would suggest a potential downside of 38.74% from the stock’s current price.
Other analysts have also issued research reports about the company. Goldman Sachs Group, Inc. (The) upped their target price on Wizz Air Holdings PLC from GBX 2,985 ($39.66) to GBX 3,355 ($44.58) and gave the stock a “buy” rating in a research note on Wednesday, September 20th. Royal Bank Of Canada upped their target price on Wizz Air Holdings PLC from GBX 2,750 ($36.54) to GBX 3,000 ($39.86) and gave the stock an “outperform” rating in a research note on Thursday, July 20th. Societe Generale reaffirmed a “buy” rating and issued a GBX 2,800 ($37.20) target price on shares of Wizz Air Holdings PLC in a research note on Thursday, July 20th. J P Morgan Chase & Co upped their target price on Wizz Air Holdings PLC from GBX 2,950 ($39.20) to GBX 3,250 ($43.18) and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 2,520 ($33.48) target price on shares of Wizz Air Holdings PLC in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 2,578.50 ($34.26).
Wizz Air Holdings PLC (WIZZ) traded up 0.31% during midday trading on Thursday, reaching GBX 3265.00. 186,719 shares of the company traded hands. The stock’s 50 day moving average is GBX 2,999.27 and its 200 day moving average is GBX 2,477.03. The company’s market capitalization is GBX 1.87 billion. Wizz Air Holdings PLC has a one year low of GBX 1,497.00 and a one year high of GBX 3,342.25.
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In other news, insider Jozsef Varadi sold 100,000 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of GBX 2,815 ($37.40), for a total transaction of £2,815,000 ($3,740,366.73).
About Wizz Air Holdings PLC
Wizz Air Holdings Plc is a United Kingdom-based airline company. The Company provides low-cost air transportation services on scheduled short-haul and medium-haul point-to-point routes across Europe and into the Caucasus and the Middle East. It operates a fleet of approximately 60 Airbus A320 aircraft, and offers over 380 routes from 22 bases, connecting 112 destinations across 38 countries.
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