Barclays Reiterates Overweight Rating for Wizz Air (WIZZ)

Wizz Air (LON:WIZZ)‘s stock had its “overweight” rating reissued by equities research analysts at Barclays in a report issued on Thursday. They presently have a GBX 3,870 ($50.57) target price on the stock, down from their prior target price of GBX 4,080 ($53.31). Barclays’ target price indicates a potential upside of 30.83% from the stock’s current price.

WIZZ has been the topic of several other research reports. Morgan Stanley cut their price target on Wizz Air from GBX 3,775 ($49.33) to GBX 3,500 ($45.73) and set an “equal weight” rating on the stock in a report on Monday, October 8th. Royal Bank of Canada restated a “top pick” rating and set a GBX 3,600 ($47.04) price target on shares of Wizz Air in a report on Wednesday. UBS Group restated a “buy” rating on shares of Wizz Air in a report on Wednesday, October 24th. Numis Securities reiterated a “buy” rating and issued a GBX 3,291 ($43.00) price objective on shares of Wizz Air in a report on Wednesday, October 10th. Finally, Berenberg Bank dropped their price objective on Wizz Air from GBX 4,000 ($52.27) to GBX 3,800 ($49.65) and set a “buy” rating on the stock in a report on Thursday, October 11th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 3,264.40 ($42.66).

LON WIZZ traded up GBX 58 ($0.76) during trading hours on Thursday, hitting GBX 2,958 ($38.65). 419,145 shares of the company were exchanged, compared to its average volume of 299,998. Wizz Air has a 52-week low of GBX 1,597 ($20.87) and a 52-week high of GBX 3,825 ($49.98).

In other Wizz Air news, insider Barry Eccleston acquired 2,500 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were acquired 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.

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Analyst Recommendations for Wizz Air (LON:WIZZ)

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