Wizz Air (LON:WIZZ) had its price target reduced by equities researchers at HSBC from GBX 3,800 ($49.99) to GBX 3,200 ($42.09) in a report issued on Tuesday, Stock Target Advisor reports. The firm currently has a “hold” rating on the stock. HSBC’s target price would indicate a potential downside of 4.48% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada reiterated a “top pick” rating and issued a GBX 4,000 ($52.62) target price on shares of Wizz Air in a research note on Wednesday, November 13th. Berenberg Bank reiterated a “hold” rating on shares of Wizz Air in a research note on Tuesday, February 25th. Barclays lifted their target price on shares of Wizz Air from GBX 4,380 ($57.62) to GBX 4,500 ($59.19) and gave the company an “overweight” rating in a research note on Monday, January 13th. Morgan Stanley raised shares of Wizz Air to an “overweight” rating and lifted their price objective for the company from GBX 3,700 ($48.67) to GBX 4,900 ($64.46) in a research note on Tuesday, January 14th. Finally, Deutsche Bank lifted their price objective on shares of Wizz Air from GBX 4,550 ($59.85) to GBX 4,900 ($64.46) and gave the company a “buy” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Wizz Air currently has an average rating of “Buy” and a consensus target price of GBX 4,325 ($56.89).

Shares of Wizz Air stock traded down GBX 137 ($1.80) during trading on Tuesday, hitting GBX 3,350 ($44.07). 544,946 shares of the stock traded hands, compared to its average volume of 299,998. The stock has a market cap of $2.44 billion and a P/E ratio of 13.01. The company has a debt-to-equity ratio of 128.51, a quick ratio of 1.76 and a current ratio of 1.85. Wizz Air has a twelve month low of GBX 2,794 ($36.75) and a twelve month high of GBX 4,526 ($59.54). The company has a fifty day moving average price of GBX 4,119.42 and a two-hundred day moving average price of GBX 3,858.72.

In other Wizz Air news, insider Jozsef Varadi sold 125,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of GBX 3,945 ($51.89), for a total transaction of £4,931,250 ($6,486,779.79). Also, insider Barry Eccleston bought 2,500 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of GBX 3,414 ($44.91) per share, with a total value of £85,350 ($112,273.09).

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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