Wizz Air Holdings PLC (LON:WIZZ) Given Average Recommendation of “Buy” by Analysts

Shares of Wizz Air Holdings PLC (LON:WIZZ) have been assigned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 3,572.50 ($46.68).

Several research analysts have commented on WIZZ shares. Bank of America began coverage on shares of Wizz Air in a report on Tuesday, October 1st. They set a “buy” rating for the company. UBS Group reaffirmed a “neutral” rating and set a GBX 3,550 ($46.39) price objective on shares of Wizz Air in a report on Thursday, October 10th. HSBC lifted their price objective on shares of Wizz Air from GBX 3,100 ($40.51) to GBX 3,250 ($42.47) and gave the stock a “hold” rating in a report on Friday, October 18th. JPMorgan Chase & Co. lifted their price objective on shares of Wizz Air from GBX 3,700 ($48.35) to GBX 4,300 ($56.19) and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Wizz Air in a report on Thursday, October 10th.

Shares of WIZZ stock opened at GBX 3,720 ($48.61) on Friday. The company has a 50 day moving average of GBX 3,634.42 and a 200-day moving average of GBX 3,483.42. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 1.90. Wizz Air has a 12-month low of GBX 2,383 ($31.14) and a 12-month high of GBX 3,947 ($51.57). The firm has a market cap of $2.70 billion and a P/E ratio of 14.45.

In other news, insider Diederik Pen sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of GBX 3,560 ($46.52), for a total value of £534,000 ($697,765.58).

About Wizz Air

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.

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Analyst Recommendations for Wizz Air (LON:WIZZ)

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