Wizz Air’s (WIZZ) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Wizz Air (LON:WIZZ) in a report released on Monday morning, Digital Look reports. Berenberg Bank currently has a GBX 3,700 ($48.67) target price on the stock.

Other analysts have also recently issued research reports about the stock. Morgan Stanley upgraded shares of Wizz Air to an overweight rating and raised their price objective for the company from GBX 3,700 ($48.67) to GBX 4,900 ($64.46) in a research report on Tuesday, January 14th. Barclays lifted their target price on shares of Wizz Air from GBX 4,380 ($57.62) to GBX 4,500 ($59.19) and gave the stock an overweight rating in a research report on Monday, January 13th. Deutsche Bank reiterated a buy rating on shares of Wizz Air in a research report on Thursday, December 12th. HSBC lifted their target price on shares of Wizz Air from GBX 3,250 ($42.75) to GBX 3,500 ($46.04) and gave the stock a hold rating in a research report on Thursday, November 14th. Finally, Societe Generale upgraded shares of Wizz Air to a buy rating and lifted their target price for the stock from GBX 3,480 ($45.78) to GBX 4,750 ($62.48) in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Wizz Air currently has an average rating of Buy and a consensus target price of GBX 4,231.25 ($55.66).

Wizz Air stock opened at GBX 4,202 ($55.27) on Monday. The firm’s fifty day moving average price is GBX 4,003.90 and its 200-day moving average price is GBX 3,744.01. The company has a debt-to-equity ratio of 128.51, a quick ratio of 1.76 and a current ratio of 1.85. The stock has a market cap of $3.07 billion and a P/E ratio of 16.32. Wizz Air has a fifty-two week low of GBX 2,794 ($36.75) and a fifty-two week high of GBX 4,359 ($57.34).

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

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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