Wizz Air Holdings Plc (LON:WIZZ) Receives GBX 2,890 Average Price Target from Analysts

Shares of Wizz Air Holdings Plc (LON:WIZZ) have received an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 2,890 ($35.67).

Several research analysts have weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Wizz Air from GBX 3,400 ($41.97) to GBX 3,200 ($39.50) and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. cut shares of Wizz Air to a “neutral” rating and lowered their price target for the company from GBX 3,860 ($47.65) to GBX 3,000 ($37.03) in a report on Friday, October 6th. Finally, Barclays reissued an “underweight” rating and issued a GBX 1,800 ($22.22) price target on shares of Wizz Air in a report on Thursday, September 28th.

Wizz Air Stock Down 1.5 %

Wizz Air stock opened at GBX 1,655 ($20.43) on Friday. The stock has a market cap of £1.71 billion, a P/E ratio of -376.14, a P/E/G ratio of -0.30 and a beta of 2.27. The company has a quick ratio of 0.82, a current ratio of 0.69 and a debt-to-equity ratio of 1,502.39. Wizz Air has a twelve month low of GBX 1,518.50 ($18.74) and a twelve month high of GBX 3,229 ($39.86). The company’s 50-day moving average price is GBX 1,832.57 and its two-hundred day moving average price is GBX 2,379.70.

Wizz Air Company Profile

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.