Berenberg Bank Lowers Wizz Air (WIZZ) Price Target to GBX 3,800

Wizz Air (LON:WIZZ) had its price objective cut by equities research analysts at Berenberg Bank from GBX 4,000 ($52.27) to GBX 3,800 ($49.65) in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 54.60% from the company’s current price.

A number of other brokerages have also recently issued reports on WIZZ. Morgan Stanley initiated coverage on Wizz Air in a research note on Wednesday, September 5th. They issued an “equal weight” rating and a GBX 3,775 ($49.33) price objective on the stock. Citigroup lowered their price objective on Wizz Air from GBX 3,700 ($48.35) to GBX 3,450 ($45.08) and set a “hold” rating on the stock in a research note on Thursday, August 30th. Societe Generale restated a “buy” rating on shares of Wizz Air in a research note on Thursday, June 14th. Finally, Numis Securities boosted their price objective on Wizz Air from GBX 4,337 ($56.67) to GBX 4,363 ($57.01) and gave the company a “buy” rating in a research note on Friday, July 27th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 3,321.73 ($43.40).

Shares of Wizz Air stock opened at GBX 2,458 ($32.12) on Thursday. Wizz Air has a 52-week low of GBX 1,597 ($20.87) and a 52-week high of GBX 3,825 ($49.98).

About Wizz Air

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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