Wizz Air (LON:WIZZ) Stock Passes Below 200 Day Moving Average of $4,853.55

Wizz Air Holdings Plc (LON:WIZZ) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 4,853.55 ($63.41) and traded as low as GBX 4,588 ($59.94). Wizz Air shares last traded at GBX 4,588 ($59.94), with a volume of 283,343 shares trading hands.

WIZZ has been the topic of several recent research reports. Barclays reaffirmed an “overweight” rating and issued a GBX 5,450 ($71.20) price target on shares of Wizz Air in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Wizz Air from GBX 5,350 ($69.90) to GBX 5,800 ($75.78) and gave the company an “overweight” rating in a research report on Thursday, July 29th. HSBC cut shares of Wizz Air to a “reduce” rating and dropped their price target for the company from GBX 4,500 ($58.79) to GBX 4,100 ($53.57) in a research report on Thursday, July 29th. Citigroup reissued a “buy” rating and set a GBX 6,000 ($78.39) target price on shares of Wizz Air in a research report on Monday, August 2nd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 5,500 ($71.86) target price on shares of Wizz Air in a research report on Wednesday, July 28th. Four research analysts have rated the stock with a sell rating and ten have given a buy rating to the company. According to MarketBeat.com, Wizz Air currently has an average rating of “Hold” and an average price target of GBX 4,883.07 ($63.80).

The business’s 50-day moving average price is GBX 4,997.20 and its 200 day moving average price is GBX 4,851.40. The stock has a market capitalization of £5.61 billion and a PE ratio of -9.44. The company has a debt-to-equity ratio of 347.16, a quick ratio of 1.16 and a current ratio of 1.27.

About Wizz Air (LON:WIZZ)

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. As of June 03, 2020, it operated a fleet of 122 aircraft that offered services for approximately 710 routes from 25 bases connecting 155 airports in 45 countries.

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