Barclays Raises Wizz Air (LON:WIZZ) Price Target to GBX 4,500

Wizz Air (LON:WIZZ) had its price target increased by Barclays from GBX 4,380 ($57.62) to GBX 4,500 ($59.19) in a research report released on Monday morning, Stock Target Advisor reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on WIZZ. Morgan Stanley reiterated an equal weight rating on shares of Wizz Air in a research note on Monday, November 11th. Deutsche Bank reiterated a buy rating on shares of Wizz Air in a research note on Thursday, December 12th. Royal Bank of Canada reiterated a top pick rating and set a GBX 4,000 ($52.62) price objective on shares of Wizz Air in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upped their price objective on Wizz Air from GBX 4,300 ($56.56) to GBX 4,700 ($61.83) and gave the stock an overweight rating in a research note on Thursday, November 14th. Finally, Berenberg Bank reiterated a hold rating on shares of Wizz Air in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of GBX 4,231.25 ($55.66).

Shares of Wizz Air stock opened at GBX 4,204 ($55.30) on Monday. Wizz Air has a 12-month low of GBX 2,794 ($36.75) and a 12-month high of GBX 4,164 ($54.78). The stock has a market cap of $3.06 billion and a P/E ratio of 16.33. The company has a quick ratio of 1.76, a current ratio of 1.85 and a debt-to-equity ratio of 128.51. The business’s 50 day moving average is GBX 3,962.14 and its 200-day moving average is GBX 3,713.70.

In related news, insider Jozsef Varadi sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of GBX 3,945 ($51.89), for a total transaction of £4,931,250 ($6,486,779.79).

About Wizz Air

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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