Wizz Air’s (WIZZ) “Overweight” Rating Reaffirmed at Barclays

Barclays reaffirmed their overweight rating on shares of Wizz Air (LON:WIZZGet Rating) in a research note published on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 3,500 ($42.29) target price on the stock.

Other equities research analysts also recently issued reports about the company. Berenberg Bank decreased their price objective on Wizz Air from GBX 3,300 ($39.87) to GBX 3,200 ($38.67) and set a buy rating on the stock in a research report on Friday, July 29th. JPMorgan Chase & Co. set a GBX 3,900 ($47.12) price objective on Wizz Air in a research report on Tuesday, September 6th. UBS Group set a GBX 2,700 ($32.62) price objective on Wizz Air in a research report on Monday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a GBX 2,350 ($28.40) price target on shares of Wizz Air in a report on Tuesday, July 12th. Finally, Sanford C. Bernstein set a GBX 6,105 ($73.77) price target on Wizz Air in a report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of GBX 3,504.58 ($42.35).

Wizz Air Price Performance

Shares of Wizz Air stock opened at GBX 2,007 ($24.25) on Tuesday. Wizz Air has a 12 month low of GBX 1,664 ($20.11) and a 12 month high of GBX 5,478 ($66.19). The company has a current ratio of 1.15, a quick ratio of 0.96 and a debt-to-equity ratio of 1,502.39. The stock has a 50 day moving average of GBX 2,130.15 and a 200 day moving average of GBX 2,477.84. The firm has a market cap of £2.42 billion and a PE ratio of -3.76.

Insider Buying and Selling at Wizz Air

In related news, insider Andrew S. Broderick bought 3,075 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were acquired at an average price of GBX 2,165 ($26.16) per share, with a total value of £66,573.75 ($80,441.94).

Wizz Air Company Profile

(Get Rating)

Wizz Air Holdings Plc, together with its subsidiaries, provides passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes in Europe and the Middle East. As of June 08, 2022, it operated a fleet of 154 aircraft that offered services for approximately 1000 routes from 194 airports in 51 countries.

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