Wizz Air Holdings Plc (LON:WIZZ) Given Consensus Recommendation of “Hold” by Brokerages

Wizz Air Holdings Plc (LON:WIZZ) has received an average rating of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 4,850.93 ($63.38).

WIZZ has been the subject of several analyst reports. HSBC cut Wizz Air to a “reduce” rating and dropped their target price for the company from GBX 4,500 ($58.79) to GBX 4,100 ($53.57) in a report on Thursday, July 29th. UBS Group reaffirmed a “sell” rating and issued a GBX 3,575 ($46.71) price target on shares of Wizz Air in a research note on Tuesday, June 8th. JPMorgan Chase & Co. increased their target price on Wizz Air from GBX 5,350 ($69.90) to GBX 5,800 ($75.78) and gave the stock an “overweight” rating in a research note on Thursday, July 29th. Deutsche Bank Aktiengesellschaft increased their target price on Wizz Air from GBX 5,000 ($65.33) to GBX 6,000 ($78.39) and gave the stock a “buy” rating in a research note on Thursday, June 3rd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 5,500 ($71.86) target price on shares of Wizz Air in a research note on Wednesday, July 28th.

Shares of WIZZ traded down GBX 71 ($0.93) during trading hours on Wednesday, hitting GBX 4,708 ($61.51). 212,936 shares of the stock were exchanged, compared to its average volume of 261,322. The company has a debt-to-equity ratio of 347.16, a quick ratio of 1.16 and a current ratio of 1.27. Wizz Air has a 12-month low of GBX 2,950 ($38.54) and a 12-month high of GBX 5,595 ($73.10). The company has a market cap of £5.67 billion and a price-to-earnings ratio of -9.97. The stock’s 50-day moving average price is GBX 4,859.87 and its two-hundred day moving average price is GBX 4,878.61.

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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