Barclays Reiterates Overweight Rating for Wizz Air (LON:WIZZ)

Wizz Air (LON:WIZZ – Get Rating)‘s stock had its “overweight” rating reaffirmed by Barclays in a research report issued on Wednesday, Marketbeat Ratings reports. They presently have a GBX 4,300 ($55.95) target price on the stock. Barclays‘s price target suggests a potential upside of 36.72% from the company’s current price.

A number of other brokerages also recently issued reports on WIZZ. BNP Paribas raised shares of Wizz Air to a “hold” rating and set a GBX 2,900 ($37.73) price target on the stock in a report on Friday, March 18th. JPMorgan Chase & Co. set a GBX 6,100 ($79.37) target price on shares of Wizz Air in a research note on Wednesday. Berenberg Bank lowered their target price on shares of Wizz Air from GBX 4,400 ($57.25) to GBX 3,500 ($45.54) and set a “hold” rating on the stock in a research note on Tuesday. Exane BNP Paribas raised shares of Wizz Air from an “underperform” rating to a “neutral” rating and set a GBX 2,900 ($37.73) target price on the stock in a research note on Friday, March 18th. Finally, Citigroup reaffirmed a “sell” rating on shares of Wizz Air in a research note on Monday, April 4th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 3,667.31 ($47.71).

Shares of Wizz Air stock opened at GBX 3,145 ($40.92) on Wednesday. Wizz Air has a 12-month low of GBX 2,250 ($29.27) and a 12-month high of GBX 5,478 ($71.27). The company has a market cap of £3.79 billion and a price-to-earnings ratio of -6.54. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 432.39. The company’s 50-day moving average price is GBX 3,102.60 and its 200-day moving average price is GBX 4,005.11.

In related news, insider Jozsef Varadi sold 100,000 shares of the firm’s stock in a transaction on Monday, January 31st. The stock was sold at an average price of GBX 4,055 ($52.76), for a total value of £4,055,000 ($5,275,826.18).

Wizz Air Company Profile (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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