Wizz Air (LON:WIZZ) Price Target Lowered to GBX 1,250 at Royal Bank Of Canada

Wizz Air (LON:WIZZ - Get Free Report) had its target price cut by analysts at Royal Bank Of Canada from GBX 1,300 ($17.24) to GBX 1,250 ($16.57) in a research note issued on Tuesday, Marketbeat reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price points to a potential downside of 0.00% from the stock's previous close.

Separately, JPMorgan Chase & Co. decreased their target price on shares of Wizz Air from GBX 1,350 ($17.90) to GBX 1,100 ($14.58) and set a "neutral" rating on the stock in a report on Friday, July 25th.

Wizz Air Trading Up 2.9%

LON WIZZ opened at GBX 1,250.02 ($16.57) on Tuesday. The company has a fifty day moving average of GBX 1,200.28 and a 200 day moving average of GBX 1,424.61. The company has a market capitalization of £1.54 billion, a PE ratio of 5.21, a P/E/G ratio of 0.47 and a beta of 2.28. Wizz Air has a 1 year low of GBX 970.50 ($12.87) and a 1 year high of GBX 2,030 ($26.92). 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.

Insiders Place Their Bets

In other Wizz Air news, insider Charlotte Pedersen bought 100 shares of Wizz Air stock in a transaction dated Friday, June 6th. The stock was acquired at an average cost of GBX 1,207 ($16.00) per share, with a total value of £1,207 ($1,600.37). 25.73% of the stock is currently owned by company insiders.

About Wizz Air

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.