Wizz Air (LON:WIZZ) Trading Up 15.9% – Here’s Why

Wizz Air Holdings Plc (LON:WIZZ)’s stock price shot up 15.9% on Thursday . The stock traded as high as GBX 1,182 and last traded at GBX 1,175.39. 5,903,252 shares traded hands during mid-day trading, an increase of 478% from the average session volume of 1,021,540 shares. The stock had previously closed at GBX 1,014.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of Wizz Air from GBX 1,300 to GBX 1,250 and set a “sector perform” rating on the stock in a research report on Tuesday, July 29th. JPMorgan Chase & Co. reduced their price target on shares of Wizz Air from GBX 1,350 to GBX 1,100 and set a “neutral” rating on the stock in a research report on Friday, July 25th. Peel Hunt reissued a “hold” rating and issued a GBX 1,150 price target on shares of Wizz Air in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lowered shares of Wizz Air to a “hold” rating and lowered their price objective for the stock from GBX 1,500 to GBX 1,400 in a report on Friday, September 19th. Finally, UBS Group reiterated a “buy” rating on shares of Wizz Air in a report on Friday, November 7th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,134.

Wizz Air Stock Up 11.4%

The company has a debt-to-equity ratio of 1,582.50, a quick ratio of 0.82 and a current ratio of 0.98. The stock’s 50-day moving average price is GBX 1,154.48 and its two-hundred day moving average price is GBX 1,270.39. The stock has a market capitalization of £1.17 billion, a PE ratio of 6.35, a P/E/G ratio of 0.47 and a beta of 2.28.

Wizz Air Company Profile

Wizz Air, one of the most sustainable European airlines, operates a fleet of over 220 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 62 million passengers in the financial year ending 31 March 2024.