JPMorgan Chase & Co. Reaffirms Neutral Rating for Wizz Air (LON:WIZZ)

Wizz Air (LON:WIZZ)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a research report issued on Monday, Marketbeat.com reports.

Separately, Royal Bank Of Canada upped their price target on shares of Wizz Air from GBX 2,300 ($31.26) to GBX 2,400 ($32.62) and gave the stock an “outperform” rating in a research note on Friday, March 28th.

Wizz Air Stock Performance

LON:WIZZ opened at GBX 1,048.08 ($14.24) on Monday. The company has a quick ratio of 0.82, a current ratio of 0.98 and a debt-to-equity ratio of 1,582.50. Wizz Air has a fifty-two week low of GBX 1,036.75 ($14.09) and a fifty-two week high of GBX 2,286 ($31.07). The stock has a market cap of £1.29 billion, a PE ratio of 4.37, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28. The firm’s fifty day simple moving average is GBX 1,373.57 and its 200-day simple moving average is GBX 1,456.14.

Insiders Place Their Bets

In related news, insider Andrew S. Broderick purchased 595 shares of the stock in a transaction dated Monday, April 14th. The shares were acquired at an average cost of GBX 1,414 ($19.22) per share, with a total value of £8,413.30 ($11,434.22). Also, insider Charlotte Pedersen purchased 750 shares of the stock in a transaction dated Friday, June 6th. The shares were bought at an average cost of GBX 1,211 ($16.46) per share, for a total transaction of £9,082.50 ($12,343.71). Over the last ninety days, insiders have bought 1,445 shares of company stock worth $1,870,280. Corporate insiders own 25.73% of the company’s stock.

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.