HSBC upgraded shares of Wizz Air (LON:WIZZ) to a buy rating in a research note issued to investors on Tuesday morning. The firm currently has GBX 3,500 ($45.73) target price on the stock, up from their previous target price of GBX 2,000 ($26.13).
A number of other research analysts have also issued reports on WIZZ. Citigroup decreased their target price on shares of Wizz Air from GBX 3,700 ($48.35) to GBX 3,450 ($45.08) and set a hold rating on the stock in a research report on Thursday, August 30th. Morgan Stanley initiated coverage on shares of Wizz Air in a research report on Wednesday, September 5th. They set an equal weight rating and a GBX 3,775 ($49.33) target price on the stock. Berenberg Bank initiated coverage on shares of Wizz Air in a research report on Tuesday, September 18th. They set a buy rating and a GBX 4,000 ($52.27) target price on the stock. Numis Securities restated a buy rating and set a GBX 3,291 ($43.00) target price on shares of Wizz Air in a research report on Wednesday, October 10th. Finally, Royal Bank of Canada restated a top pick rating and set a GBX 4,100 ($53.57) target price (up previously from GBX 3,800 ($49.65)) on shares of Wizz Air in a research report on Monday, October 15th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average price target of GBX 3,537.36 ($46.22).
Shares of LON:WIZZ opened at GBX 2,933 ($38.32) on Tuesday. Wizz Air has a 12-month low of GBX 1,597 ($20.87) and a 12-month high of GBX 3,825 ($49.98).
In other news, insider Barry Eccleston purchased 2,500 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was bought at an average price of GBX 2,927 ($38.25) per share, with a total value of £73,175 ($95,616.10).
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. The company operates through two segments, Airline and Tour Operator. The Airline segment operates under the Wizz Air brand.
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