Wizz Air’s (WIZZ) “Reduce” Rating Reiterated at HSBC

Wizz Air (LON:WIZZ)‘s stock had its “reduce” rating reissued by analysts at HSBC in a research note issued to investors on Thursday. They currently have a GBX 2,300 ($32.25) target price on the stock. HSBC’s price objective would indicate a potential downside of 28.30% from the company’s current price.

WIZZ has been the topic of several other reports. Societe Generale reissued a “buy” rating and issued a GBX 2,800 ($39.26) price objective on shares of Wizz Air in a research note on Thursday, November 9th. JPMorgan Chase & Co. raised their price objective on Wizz Air from GBX 3,625 ($50.83) to GBX 4,100 ($57.49) and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. restated a “buy” rating and set a GBX 4,005 ($56.16) price objective on shares of Wizz Air in a research note on Monday, November 13th. Numis Securities started coverage on Wizz Air in a research report on Monday, October 16th. They issued a “buy” rating on the stock. Finally, Barclays increased their target price on Wizz Air from GBX 2,520 ($35.33) to GBX 3,630 ($50.90) and gave the stock an “overweight” rating in a research report on Tuesday, October 24th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 3,075.29 ($43.12).

Shares of Wizz Air (LON:WIZZ) traded down GBX 57 ($0.80) on Thursday, reaching GBX 3,208 ($44.98). 264,449 shares of the company’s stock traded hands, compared to its average volume of 241,150. The firm has a market cap of $2,320.00 and a PE ratio of 2,138.67. Wizz Air has a 12 month low of GBX 1,561 ($21.89) and a 12 month high of GBX 3,825 ($53.63).

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Wizz Air Company Profile

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.

Analyst Recommendations for Wizz Air (LON:WIZZ)

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