Wizz Air Holdings PLC’s (WIZZ) “Reduce” Rating Reaffirmed at HSBC Holdings plc

Wizz Air Holdings PLC (LON:WIZZ)‘s stock had its “reduce” rating reaffirmed by equities research analysts at HSBC Holdings plc in a research report issued to clients and investors on Thursday, October 19th. They currently have a GBX 2,000 ($26.39) price objective on the stock. HSBC Holdings plc’s target price indicates a potential downside of 37.09% from the company’s previous close.

WIZZ has been the topic of several other reports. Barclays PLC reissued an “overweight” rating and issued a GBX 2,520 ($33.25) price objective on shares of Wizz Air Holdings PLC in a research note on Monday, July 17th. Royal Bank Of Canada boosted their price objective on shares of Wizz Air Holdings PLC from GBX 2,750 ($36.29) to GBX 3,000 ($39.59) and gave the company an “outperform” rating in a research note on Thursday, July 20th. JPMorgan Chase & Co. boosted their price objective on shares of Wizz Air Holdings PLC from GBX 2,700 ($35.63) to GBX 2,950 ($38.93) and gave the company an “overweight” rating in a research note on Thursday, July 20th. Societe Generale reaffirmed a “buy” rating and set a GBX 2,800 ($36.95) price target on shares of Wizz Air Holdings PLC in a research note on Thursday, July 20th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Wizz Air Holdings PLC in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Wizz Air Holdings PLC has an average rating of “Buy” and a consensus price target of GBX 2,689.50 ($35.49).

Wizz Air Holdings PLC (LON:WIZZ) opened at 3179.00 on Thursday. The stock’s 50 day moving average is GBX 3,041.00 and its 200 day moving average is GBX 2,531.87. The stock’s market cap is GBX 1.82 billion. Wizz Air Holdings PLC has a 52 week low of GBX 1,498.00 and a 52 week high of GBX 3,342.25.

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In related news, insider Jozsef Varadi sold 100,000 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of GBX 2,815 ($37.15), for a total value of £2,815,000 ($3,714,700.45).

Wizz Air Holdings PLC Company Profile

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.

Analyst Recommendations for Wizz Air Holdings PLC (LON:WIZZ)

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