JPMorgan Chase & Co. Issues Positive Forecast for Wizz Air (LON:WIZZ) Stock Price

Wizz Air (LON:WIZZ) had its target price upped by equities researchers at JPMorgan Chase & Co. from GBX 1,050 to GBX 1,200 in a research report issued on Monday,Digital Look reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 3.63% from the company’s current price.

WIZZ has been the topic of several other research reports. UBS Group restated a “buy” rating on shares of Wizz Air in a research note on Friday, November 7th. Royal Bank Of Canada reduced their price target on shares of Wizz Air from GBX 1,250 to GBX 1,200 and set a “sector perform” rating for the company in a report on Monday, November 17th. Peel Hunt restated a “hold” rating and set a GBX 1,150 price objective on shares of Wizz Air in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Wizz Air from GBX 1,400 to GBX 1,250 and set a “hold” rating for the company in a research report on Monday, November 17th. Finally, Citigroup decreased their target price on Wizz Air from GBX 1,220 to GBX 770 and set a “sell” rating on the stock in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,114.

Wizz Air Stock Performance

LON:WIZZ traded down GBX 7 during mid-day trading on Monday, hitting GBX 1,158. 596,024 shares of the company’s stock traded hands, compared to its average volume of 1,088,600. The firm has a market capitalization of £1.20 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28. The firm has a 50 day moving average of GBX 1,113.80 and a two-hundred day moving average of GBX 1,216.76. 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 has a 12 month low of GBX 968.50 and a 12 month high of GBX 1,818.

About Wizz Air

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.