Wizz Air (LON:WIZZ) Trading Up 15.9% – Here’s Why

Wizz Air Holdings Plc (LON:WIZZ)’s stock price shot up 15.9% during mid-day trading on Thursday . The company traded as high as GBX 1,182 and last traded at GBX 1,175.39. 5,903,252 shares changed hands during trading, an increase of 478% from the average session volume of 1,021,540 shares. The stock had previously closed at GBX 1,014.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WIZZ shares. Peel Hunt reissued a “hold” rating and issued a GBX 1,150 target price on shares of Wizz Air in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft cut shares of Wizz Air to a “hold” rating and dropped their price target for the stock from GBX 1,500 to GBX 1,400 in a research note on Friday, September 19th. Citigroup reduced their price objective on shares of Wizz Air from GBX 1,220 to GBX 770 and set a “sell” rating for the company in a research note on Thursday, October 23rd. JPMorgan Chase & Co. dropped their target price on shares of Wizz Air from GBX 1,350 to GBX 1,100 and set a “neutral” rating on the stock in a research note on Friday, July 25th. Finally, Royal Bank Of Canada cut their price target on shares of Wizz Air from GBX 1,300 to GBX 1,250 and set a “sector perform” rating on the stock in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Wizz Air has a consensus rating of “Hold” and a consensus target price of GBX 1,134.

Wizz Air Trading Up 11.4%

The company has a debt-to-equity ratio of 1,582.50, a quick ratio of 0.82 and a current ratio of 0.98. The firm has a market cap of £1.17 billion, a PE ratio of 6.35, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28. The stock has a 50-day simple moving average of GBX 1,154.48 and a two-hundred day simple moving average of GBX 1,270.39.

Wizz Air Company Profile

Wizz Air, one of the most sustainable European airlines, operates a fleet of over 220 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 62 million passengers in the financial year ending 31 March 2024.