Societe Generale Reaffirms “Buy” Rating for Wizz Air (LON:WIZZ)

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Societe Generale reiterated their buy rating on shares of Wizz Air (LON:WIZZ) in a report published on Friday, October 19th.

Several other brokerages also recently weighed in on WIZZ. Numis Securities increased their price objective on shares of Wizz Air from GBX 4,337 ($56.67) to GBX 4,363 ($57.01) and gave the company a buy rating in a research report on Friday, July 27th. Berenberg Bank assumed coverage on shares of Wizz Air in a research report on Tuesday, September 18th. They issued a buy rating and a GBX 4,000 ($52.27) price objective on the stock. Citigroup dropped their price objective on shares of 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 report on Thursday, August 30th. Morgan Stanley began coverage on shares of Wizz Air in a research report on Wednesday, September 5th. They issued an equal weight rating and a GBX 3,775 ($49.33) price objective on the stock. Finally, Royal Bank of Canada restated a top pick rating and issued a GBX 4,100 ($53.57) target price (up previously from GBX 3,800 ($49.65)) on shares of Wizz Air in a report on Monday, October 15th. Four research analysts have rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 3,264.40 ($42.66).

WIZZ traded up GBX 58 ($0.76) during trading hours on Friday, hitting GBX 2,958 ($38.65). 419,145 shares of the company’s stock were exchanged, compared to its average volume of 299,998. Wizz Air has a 12-month low of GBX 1,597 ($20.87) and a 12-month high of GBX 3,825 ($49.98).

In other Wizz Air news, insider Barry Eccleston purchased 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The stock was purchased at an average price of GBX 2,927 ($38.25) per share, for a total transaction of £73,175 ($95,616.10).

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.

See Also: Book Value Of Equity Per Share – BVPS Explained

Analyst Recommendations for Wizz Air (LON:WIZZ)

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