Shares of Wizz Air Holdings PLC (LON:WIZZ) have been assigned an average recommendation of “Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 3,483.88 ($45.52).
WIZZ has been the subject of a number of recent analyst reports. Berenberg Bank downgraded Wizz Air to a “hold” rating and upped their price objective for the company from GBX 3,600 ($47.04) to GBX 3,700 ($48.35) in a report on Friday, July 12th. Deutsche Bank restated a “buy” rating on shares of Wizz Air in a report on Friday, June 28th. HSBC increased their price objective on Wizz Air from GBX 2,900 ($37.89) to GBX 3,000 ($39.20) and gave the stock a “hold” rating in a report on Thursday, June 20th. Barclays reiterated an “overweight” rating on shares of Wizz Air in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. increased their price objective on Wizz Air from GBX 3,700 ($48.35) to GBX 4,300 ($56.19) and gave the stock an “overweight” rating in a report on Friday, July 26th.
LON WIZZ traded up GBX 30 ($0.39) on Tuesday, reaching GBX 3,419 ($44.68). The company had a trading volume of 114,409 shares, compared to its average volume of 299,998. The stock’s 50 day moving average is GBX 3,544.78 and its 200-day moving average is GBX 3,330.91. The stock has a market cap of $2.49 billion and a price-to-earnings ratio of 13.28. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 1.90. Wizz Air has a 52 week low of GBX 2,300 ($30.05) and a 52 week high of GBX 3,902 ($50.99).
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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