Wizz Air (LON:WIZZ) had its price objective upped by stock analysts at JPMorgan Chase & Co. from GBX 3,625 ($48.47) to GBX 4,100 ($54.82) in a research note issued to investors on Tuesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 11.20% from the stock’s previous close.
A number of other brokerages have also recently issued reports on WIZZ. Numis Securities assumed coverage on Wizz Air in a report on Monday, October 16th. They set a “buy” rating for the company. restated a “reduce” rating and set a GBX 2,000 ($26.74) price objective on shares of Wizz Air in a research report on Thursday, October 19th. Societe Generale upped their price target on shares of Wizz Air from GBX 2,800 ($37.44) to GBX 3,800 ($50.81) and gave the stock a “buy” rating in a report on Tuesday, November 28th. Barclays upped their price target on shares of Wizz Air from GBX 2,520 ($33.69) to GBX 3,630 ($48.54) and gave the stock an “overweight” rating in a report on Tuesday, October 24th. Finally, HSBC upped their price target on shares of Wizz Air from GBX 2,000 ($26.74) to GBX 2,300 ($30.75) and gave the stock a “reduce” rating in a report on Monday, November 13th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 2,930.33 ($39.18).
Wizz Air (LON WIZZ) opened at GBX 3,687 ($49.30) on Tuesday. Wizz Air has a 12-month low of GBX 1,544 ($20.64) and a 12-month high of GBX 3,700 ($49.47). The company has a market capitalization of $2,680.00 and a price-to-earnings ratio of 1,920.31.
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About Wizz Air
Wizz Air Holdings Plc is a United Kingdom-based airline company. The Company provides low-cost air transportation services on scheduled short-haul and medium-haul point-to-point routes across Europe and into the Caucasus and the Middle East. It operates a fleet of approximately 60 Airbus A320 aircraft, and offers over 380 routes from 22 bases, connecting 112 destinations across 38 countries.
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