Wizz Air (LON:WIZZ) PT Lowered to GBX 4,960

Wizz Air (LON:WIZZ) had its target price reduced by research analysts at JPMorgan Chase & Co. from GBX 5,800 ($75.78) to GBX 4,960 ($64.80) in a note issued to investors on Monday, Price Targets.com reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 8.80% from the stock’s current price.

WIZZ has been the topic of several other research reports. Barclays reiterated an “overweight” rating and set a GBX 5,450 ($71.20) price target on shares of Wizz Air in a research report on Wednesday, October 13th. Deutsche Bank Aktiengesellschaft set a GBX 6,450 ($84.27) price objective on shares of Wizz Air in a research note on Monday, September 27th. HSBC lowered shares of Wizz Air to a “reduce” rating and dropped their price objective for the stock from GBX 4,500 ($58.79) to GBX 4,100 ($53.57) in a research note on Thursday, July 29th. Citigroup reissued a “buy” rating and set a GBX 6,000 ($78.39) price objective on shares of Wizz Air in a research note on Monday, August 2nd. Finally, Berenberg Bank lowered shares of Wizz Air to a “hold” rating and dropped their price objective for the stock from GBX 5,500 ($71.86) to GBX 5,200 ($67.94) in a research note on Tuesday, October 19th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 4,801.64 ($62.73).

Shares of LON WIZZ opened at GBX 4,559 ($59.56) on Monday. Wizz Air has a 1 year low of GBX 3,054 ($39.90) and a 1 year high of GBX 5,595 ($73.10). The company has a debt-to-equity ratio of 347.16, a current ratio of 1.27 and a quick ratio of 1.16. The company’s 50-day moving average is GBX 4,970.44 and its 200 day moving average is GBX 4,847.08. The stock has a market capitalization of £5.49 billion and a P/E ratio of -9.59.

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. As of June 03, 2020, it operated a fleet of 122 aircraft that offered services for approximately 710 routes from 25 bases connecting 155 airports in 45 countries.

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Analyst Recommendations for Wizz Air (LON:WIZZ)

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