Wizz Air Holdings PLC (LON:WIZZ) had its price objective increased by equities researchers at J P Morgan Chase & Co from GBX 3,250 ($42.75) to GBX 3,625 ($47.68) in a research report issued to clients and investors on Thursday. The brokerage presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price indicates a potential upside of 15.56% from the company’s current price.
Other research analysts also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) raised their price objective on shares of Wizz Air Holdings PLC from GBX 2,985 ($39.26) to GBX 3,355 ($44.13) and gave the stock a “buy” rating in a research report on Wednesday, September 20th. Royal Bank of Canada raised their price objective on shares of Wizz Air Holdings PLC from GBX 2,750 ($36.17) to GBX 3,000 ($39.46) and gave the stock an “outperform” rating in a research report on Thursday, July 20th. Societe Generale reissued a “buy” rating and set a GBX 2,800 ($36.83) price objective on shares of Wizz Air Holdings PLC in a research report on Thursday, July 20th. HSBC Holdings plc reissued a “reduce” rating and set a GBX 2,000 ($26.31) price objective on shares of Wizz Air Holdings PLC in a research report on Thursday, October 19th. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 2,520 ($33.14) price objective on shares of Wizz Air Holdings PLC in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 2,727 ($35.87).
Shares of Wizz Air Holdings PLC (LON:WIZZ) traded up GBX 34 ($0.45) during trading on Thursday, reaching GBX 3,137 ($41.26). 327,399 shares of the company’s stock traded hands, compared to its average volume of 264,571. Wizz Air Holdings PLC has a 52 week low of GBX 1,544 ($20.31) and a 52 week high of GBX 3,404 ($44.77).
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In related news, insider Jozsef Varadi sold 100,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of GBX 2,815 ($37.02), for a total value of £2,815,000 ($3,702,485.86).
About Wizz Air Holdings PLC
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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