Wizz Air (OTCMKTS:WZZZY) Price Target Cut to GBX 1,800

Wizz Air (OTCMKTS:WZZZY) had its price target lowered by equities research analysts at Barclays from GBX 2,150 ($26.63) to GBX 1,800 ($22.30) in a report issued on Tuesday, FlyOnTheWall reports.

A number of other equities research analysts have also recently weighed in on the company. Liberum Capital began coverage on Wizz Air in a research note on Tuesday, July 11th. They issued a “sell” rating for the company. UBS Group upgraded Wizz Air from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 14th. Royal Bank of Canada initiated coverage on Wizz Air in a research note on Tuesday, June 27th. They set an “outperform” rating for the company. JPMorgan Chase & Co. cut their price objective on Wizz Air from GBX 4,300 ($53.26) to GBX 3,900 ($48.31) in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Wizz Air from GBX 3,700 ($45.83) to GBX 2,850 ($35.30) in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3,100.00.

Wizz Air Stock Performance

OTCMKTS WZZZY remained flat at $6.00 on Tuesday. Wizz Air has a 52 week low of $3.74 and a 52 week high of $9.80. The stock’s fifty day moving average price is $7.38 and its 200-day moving average price is $8.13.

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 in Europe and the Middle East. As of June 08, 2022, it operated a fleet of 154 aircraft that offered services for approximately 1000 routes from 194 airports in 51 countries.