Wizz Air (LON:WIZZ) Receives Hold Rating from Berenberg Bank

Wizz Air (LON:WIZZGet Rating)‘s stock had its “hold” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They currently have a GBX 3,500 ($44.04) target price on the stock. Berenberg Bank’s target price points to a potential upside of 15.70% from the stock’s current price.

A number of other research firms have also weighed in on WIZZ. Deutsche Bank Aktiengesellschaft lowered shares of Wizz Air to a “hold” rating and dropped their target price for the stock from GBX 5,450 ($68.58) to GBX 2,900 ($36.49) in a report on Thursday, March 24th. Citigroup restated a “sell” rating on shares of Wizz Air in a report on Monday, April 4th. Exane BNP Paribas upgraded shares of Wizz Air from an “underperform” rating to a “neutral” rating and set a GBX 2,900 ($36.49) price objective for the company in a report on Friday, March 18th. BNP Paribas upgraded shares of Wizz Air to a “hold” rating and set a GBX 2,900 ($36.49) price objective for the company in a report on Friday, March 18th. Finally, Deutsche Bank Rese… set a GBX 2,900 ($36.49) price objective on shares of Wizz Air in a report on Thursday, March 24th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 3,667.31 ($46.15).

Wizz Air stock opened at GBX 3,025 ($38.06) on Thursday. 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 firm has a 50-day moving average of GBX 2,959.64 and a 200-day moving average of GBX 3,691.57. The firm has a market cap of £3.64 billion and a P/E ratio of -6.17. Wizz Air has a 1-year low of GBX 2,250 ($28.31) and a 1-year high of GBX 5,478 ($68.93).

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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