Royal Bank Of Canada Cuts Wizz Air (LON:WIZZ) Price Target to GBX 1,200

Wizz Air (LON:WIZZ) had its price target trimmed by Royal Bank Of Canada from GBX 1,250 to GBX 1,200 in a report published on Monday, MarketBeat Ratings reports. The brokerage currently has a sector perform rating on the stock.

A number of other analysts have also recently weighed in on WIZZ. Deutsche Bank Aktiengesellschaft cut shares of Wizz Air to a “hold” rating and reduced their target price for the stock from GBX 1,500 to GBX 1,400 in a report on Friday, September 19th. UBS Group reissued a “buy” rating on shares of Wizz Air in a research note on Friday, November 7th. Citigroup cut their target price on Wizz Air from GBX 1,220 to GBX 770 and set a “sell” rating on the stock in a research report on Thursday, October 23rd. Peel Hunt reaffirmed a “hold” rating and set a GBX 1,150 target price on shares of Wizz Air in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. dropped their price target on Wizz Air from GBX 1,350 to GBX 1,100 and set a “neutral” rating on the stock in a research note on Friday, July 25th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 1,094.

Wizz Air Stock Performance

Shares of WIZZ opened at GBX 1,074 on Monday. 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. The firm’s 50 day moving average is GBX 1,129.85 and its 200-day moving average is GBX 1,248.96. Wizz Air has a 12-month low of GBX 968.50 and a 12-month high of GBX 1,818. The stock has a market capitalization of £1.11 billion, a P/E ratio of 6.03, a P/E/G ratio of 0.47 and a beta of 2.28.

Wizz Air Company Profile

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.