Wizz Air Holdings Plc (LON:WIZZ) Receives Average Recommendation of “Hold” from Analysts

Shares of Wizz Air Holdings Plc (LON:WIZZ) have been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 1,134.

Several research firms have recently commented on WIZZ. UBS Group reissued a “buy” rating on shares of Wizz Air in a research note on Friday. Deutsche Bank Aktiengesellschaft cut shares of Wizz Air to a “hold” rating and lowered their price target for the stock from GBX 1,500 to GBX 1,400 in a research report on Friday, September 19th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 1,150 price objective on shares of Wizz Air in a research note on Tuesday. Royal Bank Of Canada dropped their price objective on Wizz Air from GBX 1,300 to GBX 1,250 and set a “sector perform” rating for the company in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Wizz Air from GBX 1,350 to GBX 1,100 and set a “neutral” rating on the stock in a research note on Friday, July 25th.

Wizz Air Stock Performance

WIZZ stock traded down GBX 18.50 during midday trading on Friday, hitting GBX 980. The stock had a trading volume of 1,239,815 shares, compared to its average volume of 1,001,571. Wizz Air has a 52 week low of GBX 968.50 and a 52 week high of GBX 1,818. The firm has a market capitalization of £1.01 billion, a price-to-earnings ratio of 5.51, a P/E/G ratio of 0.47 and a beta of 2.28. The company has a current ratio of 0.98, a quick ratio of 0.82 and a debt-to-equity ratio of 1,582.50. The stock has a 50-day simple moving average of GBX 1,181.90 and a 200 day simple moving average of GBX 1,288.29.

About Wizz Air

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.