Wizz Air (LON:WIZZ) Stock Passes Above 50 Day Moving Average of $2,864.79

Wizz Air Holdings Plc (LON:WIZZ – Get Rating) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 2,864.79 ($35.63) and traded as high as GBX 2,947 ($36.65). Wizz Air shares last traded at GBX 2,883 ($35.86), with a volume of 152,646 shares traded.

Analysts Set New Price Targets

Several research firms recently commented on WIZZ. Barclays set a GBX 2,450 ($30.47) price target on Wizz Air in a research report on Friday, March 31st. Bank of America reiterated a “buy” rating and issued a GBX 3,600 ($44.78) price target on shares of Wizz Air in a research report on Wednesday, April 12th. JPMorgan Chase & Co. lifted their price target on Wizz Air from GBX 3,600 ($44.78) to GBX 3,750 ($46.64) and gave the stock an “overweight” rating in a research report on Thursday, April 27th. Deutsche Bank Aktiengesellschaft lifted their price target on Wizz Air from GBX 3,250 ($40.42) to GBX 3,700 ($46.02) and gave the stock a “hold” rating in a research report on Wednesday, May 3rd. Finally, Citigroup upgraded Wizz Air to a “neutral” rating in a research report on Monday, April 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,595 ($44.71).

Wizz Air Stock Down 0.6 %

The company’s 50 day moving average price is GBX 2,864.79 and its two-hundred day moving average price is GBX 2,618.86. The company has a quick ratio of 0.82, a current ratio of 0.98 and a debt-to-equity ratio of 1,502.39. The stock has a market cap of £2.98 billion and a P/E ratio of -384.40.

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 in Europe and the Middle East. As of June 08, 2022, it operated a fleet of 154 aircraft that offered services for approximately 1000 routes from 194 airports in 51 countries.