Wizz Air (WIZZ) Upgraded to “Buy” at UBS Group
Wizz Air (LON:WIZZ) was upgraded by UBS Group to a “buy” rating in a note issued to investors on Wednesday, investing.thisismoney.co.uk reports. The brokerage presently has a GBX 3,450 ($45.08) price objective on the stock, down from their previous price objective of GBX 3,750 ($49.00). UBS Group’s price target would indicate a potential upside of 19.58% from the company’s previous close.
A number of other brokerages have also recently issued reports on WIZZ. Deutsche Bank reduced their price objective on Wizz Air from GBX 4,050 ($52.92) to GBX 3,250 ($42.47) and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Morgan Stanley initiated coverage on Wizz Air in a research note on Wednesday, September 5th. They set an “equal weight” rating and a GBX 3,775 ($49.33) price objective on the stock. Citigroup reduced their price objective on Wizz Air from GBX 3,700 ($48.35) to GBX 3,450 ($45.08) and set a “hold” rating on the stock in a research note on Thursday, August 30th. Berenberg Bank assumed coverage on shares of Wizz Air in a report on Tuesday, September 18th. They set a “buy” rating and a GBX 4,000 ($52.27) target price for the company. Finally, Societe Generale reiterated a “buy” rating on shares of Wizz Air in a report on Friday, October 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 3,459.25 ($45.20).
Shares of LON:WIZZ opened at GBX 2,885 ($37.70) on Wednesday. Wizz Air has a 12-month low of GBX 1,597 ($20.87) and a 12-month high of GBX 3,825 ($49.98).
Wizz Air Company Profile
Wizz Air Holdings Plc, together with its subsidiaries, provides passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes across Europe and the Middle East. The company operates through two segments, Airline and Tour Operator. The Airline segment operates under the Wizz Air brand.
Featured Story: How do investors use RSI to grade stocks?
Receive News & Ratings for Wizz Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wizz Air and related companies with MarketBeat.com's FREE daily email newsletter.