HSBC Upgrades Wizz Air (WIZZ) to Buy
HSBC upgraded shares of Wizz Air (LON:WIZZ) to a buy rating in a research report report published on Tuesday. HSBC currently has GBX 3,500 ($45.73) price objective on the stock, up from their previous price objective of GBX 2,000 ($26.13).
WIZZ has been the topic of a number of other research reports. Barclays reissued an overweight rating on shares of Wizz Air in a report on Monday, October 15th. Morgan Stanley decreased their price objective on shares of Wizz Air from GBX 3,775 ($49.33) to GBX 3,500 ($45.73) and set an equal weight rating on the stock in a report on Monday, October 8th. Royal Bank of Canada reissued a top pick rating and set a GBX 3,600 ($47.04) price objective on shares of Wizz Air in a report on Wednesday, November 7th. UBS Group reissued a buy rating on shares of Wizz Air in a report on Wednesday, October 24th. Finally, Berenberg Bank reissued a buy rating on shares of Wizz Air in a report on Monday, November 12th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of GBX 3,537.36 ($46.22).
Shares of LON:WIZZ opened at GBX 2,918 ($38.13) on Tuesday. Wizz Air has a 12 month low of GBX 1,597 ($20.87) and a 12 month high of GBX 3,825 ($49.98).
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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