Wizz Air’s (WIZZ) “Reduce” Rating Reiterated at HSBC

Wizz Air (LON:WIZZ)‘s stock had its “reduce” rating restated by analysts at HSBC in a report released on Thursday. They presently have a GBX 2,300 ($32.25) price objective on the stock. HSBC’s price target indicates a potential downside of 28.30% from the stock’s current price.

A number of other research firms have also recently weighed in on WIZZ. JPMorgan Chase & Co. dropped their price target on Wizz Air from GBX 4,100 ($57.49) to GBX 4,000 ($56.09) and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Numis Securities restated a “buy” rating and issued a GBX 4,204 ($58.95) price target on shares of Wizz Air in a research note on Thursday, February 1st. Royal Bank of Canada increased their price target on Wizz Air from GBX 3,750 ($52.58) to GBX 3,800 ($53.28) and gave the company an “outperform” rating in a research note on Thursday, February 1st. Barclays restated an “overweight” rating on shares of Wizz Air in a research note on Wednesday, January 17th. Finally, restated a “reduce” rating and issued a GBX 2,000 ($28.04) price target on shares of Wizz Air in a research note on Thursday, October 19th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 3,075.29 ($43.12).

Shares of Wizz Air (WIZZ) opened at GBX 3,208 ($44.98) on Thursday. Wizz Air has a 12 month low of GBX 1,561 ($21.89) and a 12 month high of GBX 3,825 ($53.63). The firm has a market capitalization of $2,320.00 and a price-to-earnings ratio of 2,138.67.

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About Wizz Air

Wizz Air Holdings Plc is a United Kingdom-based airline company. The Company provides low-cost air transportation services on scheduled short-haul and medium-haul point-to-point routes across Europe and into the Caucasus and the Middle East. It operates a fleet of approximately 60 Airbus A320 aircraft, and offers over 380 routes from 22 bases, connecting 112 destinations across 38 countries.

Analyst Recommendations for Wizz Air (LON:WIZZ)

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