Wizz Air (LON:WIZZ) Hits New 1-Year High Following Analyst Upgrade

Wizz Air Holdings PLC (LON:WIZZ)’s stock price hit a new 52-week high during trading on Monday after HSBC raised their price target on the stock from GBX 3,100 to GBX 3,250. HSBC currently has a hold rating on the stock. Wizz Air traded as high as GBX 3,920 ($51.22) and last traded at GBX 3,903 ($51.00), with a volume of 3298 shares trading hands. The stock had previously closed at GBX 3,886 ($50.78).

A number of other brokerages have also weighed in on WIZZ. Morgan Stanley reissued an “equal weight” rating on shares of Wizz Air in a research note on Thursday, October 10th. Deutsche Bank reissued a “buy” rating on shares of Wizz Air in a research note on Friday, June 28th. Bank of America assumed coverage on Wizz Air in a research note on Tuesday, October 1st. They set a “buy” rating on the stock. Barclays reissued an “overweight” rating and set a GBX 3,450 ($45.08) price target on shares of Wizz Air in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. increased their price target on Wizz Air from GBX 3,700 ($48.35) to GBX 4,300 ($56.19) and gave the stock an “overweight” rating in a research note on Friday, July 26th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 3,557.50 ($46.49).

In other Wizz Air news, insider Diederik Pen sold 15,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of GBX 3,560 ($46.52), for a total transaction of £534,000 ($697,765.58).

The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $2.81 billion and a PE ratio of 15.00. The firm has a 50-day moving average of GBX 3,622.56 and a two-hundred day moving average of GBX 3,467.65.

About Wizz Air (LON:WIZZ)

Wizz Air Holdings Plc, together with its subsidiaries, provides passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes across Europe and the Middle East. The company operates through two segments, Airline and Tour Operator. The Airline segment operates under the Wizz Air brand.

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