Wizz Air Holdings PLC (LON:WIZZ) Given Consensus Rating of “Buy” by Brokerages
Wizz Air Holdings PLC (LON:WIZZ) has been given an average rating of “Buy” by the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 3,908.82 ($48.10).
Several equities analysts have commented on WIZZ shares. JPMorgan Chase & Co. dropped their price target on shares of Wizz Air from GBX 4,700 ($57.84) to GBX 4,150 ($51.07) and set an “overweight” rating for the company in a research note on Monday, July 13th. Morgan Stanley boosted their price target on shares of Wizz Air from GBX 3,400 ($41.84) to GBX 3,800 ($46.76) and gave the stock an “overweight” rating in a research note on Thursday, June 4th. Societe Generale boosted their price target on shares of Wizz Air from GBX 3,500 ($43.07) to GBX 3,730 ($45.90) and gave the stock a “buy” rating in a research note on Friday, July 3rd. Credit Suisse Group started coverage on shares of Wizz Air in a research note on Monday, July 27th. They issued an “outperform” rating and a GBX 4,309 ($53.03) price target for the company. Finally, Barclays restated an “overweight” rating and issued a GBX 3,980 ($48.98) price target on shares of Wizz Air in a research note on Thursday.
LON:WIZZ opened at GBX 3,216 ($39.58) on Tuesday. The company has a fifty day simple moving average of GBX 3,346.52 and a two-hundred day simple moving average of GBX 3,300.45. The company has a market cap of $2.75 billion and a price-to-earnings ratio of 12.49. The company has a quick ratio of 1.05, a current ratio of 1.19 and a debt-to-equity ratio of 165.16. Wizz Air has a 52 week low of GBX 32.94 ($0.41) and a 52 week high of GBX 4,526 ($55.70).
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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