Wizz Air’s (WIZZ) Neutral Rating Reiterated at UBS Group

Wizz Air (LON:WIZZ)‘s stock had its “neutral” rating reiterated by UBS Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 3,550 ($46.39) price objective on the stock. UBS Group’s price objective would indicate a potential downside of 1.50% from the company’s current price.

A number of other research firms have also commented on WIZZ. Berenberg Bank lowered shares of Wizz Air to a “hold” rating and lifted their price target for the company from GBX 3,600 ($47.04) to GBX 3,700 ($48.35) in a research report on Friday, July 12th. JPMorgan Chase & Co. lifted their price target on shares of Wizz Air from GBX 3,700 ($48.35) to GBX 4,300 ($56.19) and gave the company an “overweight” rating in a research report on Friday, July 26th. Morgan Stanley reissued an “equal weight” rating on shares of Wizz Air in a research report on Thursday. Bank of America started coverage on shares of Wizz Air in a research report on Tuesday, October 1st. They issued a “buy” rating on the stock. Finally, Barclays reissued an “overweight” rating on shares of Wizz Air in a research report on Friday, July 26th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Wizz Air has an average rating of “Buy” and a consensus price target of GBX 3,536.91 ($46.22).

Shares of LON:WIZZ traded down GBX 21 ($0.27) during trading on Thursday, reaching GBX 3,604 ($47.09). The stock had a trading volume of 197,186 shares, compared to its average volume of 299,998. Wizz Air has a 52 week low of GBX 2,300 ($30.05) and a 52 week high of GBX 3,902 ($50.99). The firm has a market capitalization of $2.65 billion and a price-to-earnings ratio of 14.00. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 1.90. The stock has a fifty day simple moving average of GBX 3,540.64 and a two-hundred day simple moving average of GBX 3,426.

In related news, insider Diederik Pen sold 15,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of GBX 3,560 ($46.52), for a total transaction of £534,000 ($697,765.58).

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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Analyst Recommendations for Wizz Air (LON:WIZZ)

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