Berenberg Bank Lowers Wizz Air (OTCMKTS:WZZZY) Price Target to GBX 3,500

Wizz Air (OTCMKTS:WZZZY – Get Rating) had its price target lowered by equities research analysts at Berenberg Bank from GBX 4,400 ($57.25) to GBX 3,500 ($45.54) in a report released on Wednesday, The Fly reports.

A number of other brokerages have also recently issued reports on WZZZY. HSBC cut Wizz Air from a “hold” rating to a “reduce” rating in a research note on Tuesday. AlphaValue cut Wizz Air to a “buy” rating in a research note on Monday, February 28th. Citigroup cut Wizz Air from a “neutral” rating to a “sell” rating in a research note on Monday, January 3rd. Deutsche Bank Aktiengesellschaft cut Wizz Air from a “buy” rating to a “hold” rating in a research note on Thursday, March 24th. Finally, JPMorgan Chase & Co. raised their target price on Wizz Air from GBX 4,960 ($64.53) to GBX 6,000 ($78.06) in a research note on Friday, January 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4,476.67.

Shares of OTCMKTS:WZZZY traded down $0.54 on Wednesday, reaching $9.89. 100 shares of the company traded hands, compared to its average volume of 6,000. The business’s 50-day simple moving average is $10.85 and its 200 day simple moving average is $13.87. Wizz Air has a 52 week low of $8.40 and a 52 week high of $18.00.

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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