Wizz Air (LON:WIZZ) Receives Overweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Wizz Air (LON:WIZZGet Rating) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The firm currently has a GBX 3,900 ($47.12) target price on the stock.

A number of other research analysts also recently weighed in on the company. Barclays reiterated an overweight rating and set a GBX 3,500 ($42.29) target price on shares of Wizz Air in a report on Tuesday. UBS Group set a GBX 2,700 ($32.62) price target on Wizz Air in a research note on Monday, July 18th. Berenberg Bank cut their price target 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 note on Friday, July 29th. Sanford C. Bernstein set a GBX 6,105 ($73.77) price target on Wizz Air in a research note on Wednesday, July 6th. Finally, Deutsche Bank Aktiengesellschaft restated a hold rating and issued a GBX 2,350 ($28.40) price target on shares of Wizz Air in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of GBX 3,504.58 ($42.35).

Wizz Air Stock Down 2.4 %

WIZZ stock opened at GBX 1,914.50 ($23.13) on Wednesday. Wizz Air has a fifty-two week low of GBX 1,664 ($20.11) and a fifty-two week high of GBX 5,478 ($66.19). The business’s 50 day moving average price is GBX 2,134.10 and its two-hundred day moving average price is GBX 2,474.26. The company has a debt-to-equity ratio of 1,502.39, a quick ratio of 0.96 and a current ratio of 1.15. The company has a market capitalization of £2.31 billion and a price-to-earnings ratio of -3.61.

Insider Activity at Wizz Air

In other Wizz Air news, insider Andrew S. Broderick acquired 3,075 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were acquired at an average cost 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.

See Also

Analyst Recommendations for Wizz Air (LON:WIZZ)

Receive News & Ratings for Wizz Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wizz Air and related companies with MarketBeat.com's FREE daily email newsletter.