Wizz Air (LON:WIZZ) Rating Reiterated by Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of Wizz Air (LON:WIZZ) in a research note released on Thursday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also issued reports on the company. Berenberg Bank lowered Wizz Air to a hold rating and raised their price target for the stock from GBX 3,600 ($47.04) to GBX 3,700 ($48.35) in a research note on Friday, July 12th. HSBC reissued a hold rating and set a GBX 3,100 ($40.51) price target on shares of Wizz Air in a research note on Monday, September 30th. UBS Group reaffirmed a neutral rating on shares of Wizz Air in a research report on Friday, July 26th. Bank of America assumed coverage on Wizz Air in a research report on Tuesday, October 1st. They set a buy rating for the company. Finally, Barclays reaffirmed an overweight rating on shares of Wizz Air in a research report on Friday, July 26th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Wizz Air has a consensus rating of Buy and a consensus target price of GBX 3,561.50 ($46.54).

Shares of WIZZ stock traded up GBX 30 ($0.39) on Thursday, reaching GBX 3,761 ($49.14). 105,649 shares of the company’s stock were exchanged, compared to its average volume of 299,998. Wizz Air has a 52 week low of GBX 2,300 ($30.05) and a 52 week high of GBX 3,902 ($50.99). The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $2.72 billion and a PE ratio of 14.61. The company’s fifty day simple moving average is GBX 3,551.18 and its 200 day simple moving average is GBX 3,430.57.

In other Wizz Air news, insider Diederik Pen sold 15,000 shares of Wizz Air stock in a transaction on Thursday, August 29th. The stock was sold at an average price of GBX 3,560 ($46.52), for a total transaction of £534,000 ($697,765.58).

Wizz Air Company Profile

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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Analyst Recommendations for Wizz Air (LON:WIZZ)

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