Deutsche Bank Aktiengesellschaft Cuts Wizz Air (LON:WIZZ) Price Target to GBX 5,600

Wizz Air (LON:WIZZ) had its target price cut by Deutsche Bank Aktiengesellschaft from GBX 5,800 ($78.73) to GBX 5,600 ($76.01) in a research report report published on Wednesday morning, Analyst Ratings Network reports. They currently have a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Peel Hunt restated a hold rating and set a GBX 4,700 ($63.80) price target on shares of Wizz Air in a research note on Thursday, November 4th. JPMorgan Chase & Co. dropped their price target on shares of Wizz Air from GBX 5,800 ($78.73) to GBX 4,960 ($67.33) and set an overweight rating on the stock in a research note on Monday, October 25th. Citigroup cut shares of Wizz Air to a sell rating in a research note on Tuesday, January 4th. Barclays restated an overweight rating and set a GBX 5,450 ($73.98) price target on shares of Wizz Air in a research note on Thursday, November 4th. Finally, Peel Hunt reiterated a hold rating and issued a GBX 4,700 ($63.80) target price on shares of Wizz Air in a research note on Thursday, November 4th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average price target of GBX 5,097.55 ($69.19).

Shares of WIZZ stock opened at GBX 4,660 ($63.26) on Wednesday. The stock has a market capitalization of £5.61 billion and a P/E ratio of -11.39. The company has a current ratio of 1.18, a quick ratio of 1.05 and a debt-to-equity ratio of 432.39. The firm’s 50 day moving average is GBX 4,378.92 and its 200 day moving average is GBX 4,702.16. Wizz Air has a 12 month low of GBX 3,600 ($48.87) and a 12 month high of GBX 5,595 ($75.95).

In other news, insider Jozsef Varadi sold 10,000 shares of the stock in a transaction on Wednesday, November 17th. The shares were sold at an average price of GBX 4,561 ($61.91), for a total value of £456,100 ($619,112.26).

About Wizz Air

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. As of June 03, 2020, it operated a fleet of 122 aircraft that offered services for approximately 710 routes from 25 bases connecting 155 airports in 45 countries.

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