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JPMorgan Chase & Co. Cuts Wizz Air (LON:WIZZ) Price Target to GBX 1,100

Wizz Air logo with Industrials background

Key Points

  • JPMorgan Chase & Co. has reduced its price target for Wizz Air from GBX 1,350 to GBX 1,100, indicating a potential downside of 6.06% from the current stock price.
  • In contrast, Royal Bank Of Canada has increased its target price for Wizz Air from GBX 2,300 to GBX 2,400 and maintains an "outperform" rating.
  • Wizz Air's stock recently opened at GBX 1,171 and shows a 12-month low of GBX 970.50 and a 12-month high of GBX 2,038.
  • Five stocks we like better than Wizz Air.

Wizz Air (LON:WIZZ - Get Free Report) had its target price decreased by investment analysts at JPMorgan Chase & Co. from GBX 1,350 ($18.04) to GBX 1,100 ($14.70) in a research report issued on Friday, Marketbeat.com reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential downside of 10.14% from the company's current price.

Separately, Royal Bank Of Canada raised their price target on Wizz Air from GBX 2,300 ($30.73) to GBX 2,400 ($32.06) and gave the stock an "outperform" rating in a report on Friday, March 28th.

Read Our Latest Stock Report on Wizz Air

Wizz Air Stock Up 0.7%

Shares of LON WIZZ traded up GBX 8.15 ($0.11) during mid-day trading on Friday, hitting GBX 1,224.15 ($16.35). The company had a trading volume of 1,079,234 shares, compared to its average volume of 1,086,946. The company has a market capitalization of £1.51 billion, a PE ratio of 5.10, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28. The company has a debt-to-equity ratio of 1,582.50, a current ratio of 0.98 and a quick ratio of 0.82. Wizz Air has a 1-year low of GBX 970.50 ($12.97) and a 1-year high of GBX 2,030 ($27.12). The business's 50-day simple moving average is GBX 1,216.41 and its 200 day simple moving average is GBX 1,427.23.

Insiders Place Their Bets

In other news, insider Charlotte Pedersen acquired 100 shares of the business's stock in a transaction on Friday, June 6th. The shares were purchased at an average price of GBX 1,207 ($16.13) per share, for a total transaction of £1,207 ($1,612.56). Company insiders own 25.73% of the company's stock.

Wizz Air Company Profile

(Get Free Report)

Wizz Air, one of the most sustainable European airlines, operates a fleet of over 220 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 62 million passengers in the financial year ending 31 March 2024.

See Also

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