Wizz Air (LON:WIZZ) Stock Rating Lowered by Berenberg Bank

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Wizz Air (LON:WIZZ) was downgraded by equities research analysts at Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Friday, Digital Look reports. They presently have a GBX 3,700 ($48.35) price target on the stock, up from their prior price target of GBX 3,600 ($47.04). Berenberg Bank’s price objective would indicate a potential upside of 5.68% from the company’s previous close.

A number of other research analysts have also recently issued reports on WIZZ. UBS Group lifted their price objective on Zscaler from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 31st. HSBC cut their price target on Mediclinic International from GBX 360 ($4.70) to GBX 310 ($4.05) and set a “hold” rating for the company in a report on Thursday, June 20th. Royal Bank of Canada cut their price target on from GBX 3,000 ($39.20) to GBX 2,900 ($37.89) and set an “outperform” rating for the company in a report on Thursday, June 6th. Barclays cut their price target on Waters from $218.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, April 24th. Finally, Deutsche Bank set a $142.00 price target on MCCORMICK & CO /SH and gave the company a “hold” rating in a report on Friday, June 28th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 3,484.64 ($45.53).

Shares of LON WIZZ opened at GBX 3,501 ($45.75) on Friday. The company has a market capitalization of $2.55 billion and a PE ratio of 13.60. The firm’s fifty day moving average is GBX 3,432.28. Wizz Air has a 52-week low of GBX 2,300 ($30.05) and a 52-week high of GBX 3,814 ($49.84). The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.71 and a current ratio of 1.99.

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 across Europe and the Middle East. The company operates through two segments, Airline and Tour Operator. The Airline segment operates under the Wizz Air brand.

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Analyst Recommendations for Wizz Air (LON:WIZZ)

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