Wizz Air Holdings Plc (LON:WIZZ) Receives Average Recommendation of “Hold” from Brokerages

Shares of Wizz Air Holdings Plc (LON:WIZZ) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,134.

WIZZ has been the subject of several analyst reports. UBS Group reissued a “buy” rating on shares of Wizz Air in a report on Friday, November 7th. Royal Bank Of Canada cut their target price on shares of Wizz Air from GBX 1,300 to GBX 1,250 and set a “sector perform” rating for the company in a research report on Tuesday, July 29th. Citigroup cut 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. Peel Hunt restated a “hold” rating and set a GBX 1,150 target price on shares of Wizz Air in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on Wizz Air from GBX 1,350 to GBX 1,100 and set a “neutral” rating for the company in a research note on Friday, July 25th.

Wizz Air Price Performance

WIZZ stock opened at GBX 1,073 on Friday. The firm has a 50 day moving average of GBX 1,149.68 and a 200-day moving average of GBX 1,269.14. The firm has a market capitalization of £1.11 billion, a P/E ratio of 6.03, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28. Wizz Air has a 12 month low of GBX 968.50 and a 12 month high of GBX 1,818. The company has a current ratio of 0.98, a quick ratio of 0.82 and a debt-to-equity ratio of 1,582.50.

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.