Berenberg Bank Lowers Wizz Air (LON:WIZZ) to Hold

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Berenberg Bank downgraded shares of Wizz Air (LON:WIZZ) to a hold rating in a research report sent to investors on Friday morning, Digital Look reports. The firm currently has GBX 3,700 ($48.35) price target on the stock, up from their prior price target of GBX 3,600 ($47.04).

Other analysts also recently issued reports about the stock. UBS Group increased their price target on shares of Zscaler from $60.00 to $70.00 and gave the company a neutral rating in a research report on Friday, May 31st. Royal Bank of Canada cut their price target on shares of from GBX 3,000 ($39.20) to GBX 2,900 ($37.89) and set an outperform rating on the stock in a research report on Thursday, June 6th. JPMorgan Chase & Co. upgraded shares of Intelsat from a neutral rating to an overweight rating and set a $27.00 price target on the stock in a research report on Wednesday, April 3rd. Barclays cut their price target on shares of Waters from $218.00 to $210.00 and set an equal weight rating on the stock in a research report on Wednesday, April 24th. Finally, HSBC cut their price target on shares of Mediclinic International from GBX 360 ($4.70) to GBX 310 ($4.05) and set a hold rating on the stock in a research report on Thursday, June 20th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of GBX 3,484.64 ($45.53).

Wizz Air stock opened at GBX 3,500 ($45.73) on Friday. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 1.90. Wizz Air has a 1 year low of GBX 2,300 ($30.05) and a 1 year high of GBX 3,814 ($49.84). The firm has a market cap of $2.55 billion and a P/E ratio of 13.59. The company’s 50-day simple moving average is GBX 3,454.04.

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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Analyst Recommendations for Wizz Air (LON:WIZZ)

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