Wizz Air (LON:WIZZ) Price Target Raised to GBX 1,200

Wizz Air (LON:WIZZ) had its target price hoisted by JPMorgan Chase & Co. from GBX 1,050 to GBX 1,200 in a report published on Monday morning, Marketbeat reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also recently issued reports on WIZZ. Citigroup dropped their target price on Wizz Air from GBX 1,220 to GBX 770 and set a “sell” rating on the stock in a research report on Thursday, October 23rd. Peel Hunt reiterated a “hold” rating and issued a GBX 1,150 price objective on shares of Wizz Air in a research note on Thursday, November 13th. Royal Bank Of Canada cut their target price on shares of Wizz Air from GBX 1,250 to GBX 1,200 and set a “sector perform” rating for the company in a research report on Monday, November 17th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Wizz Air from GBX 1,400 to GBX 1,250 and set a “hold” rating for the company in a report on Monday, November 17th. Finally, UBS Group reiterated a “buy” rating on shares of Wizz Air in a research note on Friday, November 7th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 1,114.

Wizz Air Stock Performance

WIZZ stock opened at GBX 1,123.91 on Monday. The company has a debt-to-equity ratio of 1,582.50, a current ratio of 0.98 and a quick ratio of 0.82. Wizz Air has a 1 year low of GBX 968.50 and a 1 year high of GBX 1,818. The company has a market cap of £1.16 billion, a P/E ratio of 6.31, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28. The stock’s fifty day moving average price is GBX 1,110.88 and its 200-day moving average price is GBX 1,212.80.

About Wizz Air

Wizz Air, one of the most sustainable European airlines, operates a fleet of over 220 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 62 million passengers in the financial year ending 31 March 2024.