JPMorgan Chase & Co. Analysts Give Wizz Air (LON:WIZZ) a GBX 6,100 Price Target

Wizz Air (LON:WIZZGet Rating) has been assigned a GBX 6,100 ($79.49) price objective by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 93.16% from the stock’s previous close.

A number of other research firms have also recently weighed in on WIZZ. Exane BNP Paribas upgraded Wizz Air from an “underperform” rating to a “neutral” rating and set a GBX 2,900 ($37.79) price target on the stock in a research note on Friday, March 18th. Citigroup reiterated a “sell” rating on shares of Wizz Air in a research report on Monday, April 4th. Berenberg Bank reiterated a “hold” rating and issued a GBX 4,400 ($57.34) target price on shares of Wizz Air in a report on Friday, March 25th. Morgan Stanley reduced their price objective on Wizz Air from GBX 4,900 ($63.85) to GBX 2,800 ($36.49) and set an “equal weight” rating for the company in a research note on Tuesday, March 29th. Finally, BNP Paribas raised Wizz Air to a “hold” rating and set a GBX 2,900 ($37.79) target price on the stock in a research report on Friday, March 18th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 3,813.46 ($49.69).

LON:WIZZ opened at GBX 3,158 ($41.15) on Thursday. The stock has a market capitalization of £3.80 billion and a PE ratio of -6.50. The business’s 50-day simple moving average is GBX 3,234.51 and its 200-day simple moving average is GBX 4,076.28. The company has a debt-to-equity ratio of 432.39, a current ratio of 1.18 and a quick ratio of 1.05. Wizz Air has a fifty-two week low of GBX 2,250 ($29.32) and a fifty-two week high of GBX 5,478 ($71.38).

In related news, insider Jozsef Varadi sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, January 31st. The shares were sold at an average price of GBX 4,055 ($52.84), for a total value of £4,055,000 ($5,284,076.10).

About Wizz Air (Get Rating)

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 04, 2021, it operated a fleet of 137 aircraft that offered services for approximately 824 routes from 43 bases connecting 167 airports in 48 countries.

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