Wizz Air (LON:WIZZ) PT Set at GBX 6,100 by JPMorgan Chase & Co.

Wizz Air (LON:WIZZ – Get Rating) received a GBX 6,100 ($79.37) price objective from investment analysts at JPMorgan Chase & Co. in a research report issued on Wednesday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s target price suggests a potential upside of 102.19% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Berenberg Bank reduced their price target on shares of Wizz Air from GBX 4,400 ($57.25) to GBX 3,500 ($45.54) and set a “hold” rating for the company in a research report on Tuesday. Citigroup reiterated a “sell” rating on shares of Wizz Air in a research report on Monday, April 4th. Barclays reiterated an “overweight” rating and issued a GBX 5,300 ($68.96) price target on shares of Wizz Air in a research report on Friday, April 8th. BNP Paribas upgraded shares of Wizz Air to a “hold” rating and set a GBX 2,900 ($37.73) price target for the company in a research report on Friday, March 18th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Wizz Air to a “hold” rating and reduced their price target for the company from GBX 5,450 ($70.91) to GBX 2,900 ($37.73) in a research report on Thursday, March 24th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 3,744.23 ($48.71).

WIZZ stock traded up GBX 68 ($0.88) on Wednesday, hitting GBX 3,017 ($39.25). The company’s stock had a trading volume of 526,223 shares, compared to its average volume of 548,246. The firm has a 50 day moving average of GBX 3,102.60 and a two-hundred day moving average of GBX 4,005.11. Wizz Air has a 1 year low of GBX 2,250 ($29.27) and a 1 year high of GBX 5,478 ($71.27). The stock has a market cap of £3.63 billion and a price-to-earnings ratio of -6.29. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 432.39.

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

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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