Wizz Air (LON:WIZZ) Shares Up 9% – Here’s Why

Wizz Air Holdings Plc (LON:WIZZ) shares traded up 9% on Thursday . The stock traded as high as GBX 1,187.26 and last traded at GBX 1,105. 6,517,426 shares were traded during trading, an increase of 536% from the average session volume of 1,024,319 shares. The stock had previously closed at GBX 1,014.

Analyst Ratings Changes

A number of analysts have issued reports on WIZZ shares. Deutsche Bank Aktiengesellschaft downgraded shares of Wizz Air to a “hold” rating and reduced their price target for the company from GBX 1,500 to GBX 1,400 in a report on Friday, September 19th. Citigroup decreased 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. Royal Bank Of Canada dropped their price target on Wizz Air from GBX 1,300 to GBX 1,250 and set a “sector perform” rating for the company in a research note on Tuesday, July 29th. UBS Group reaffirmed a “buy” rating on shares of Wizz Air in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. decreased their price objective on Wizz Air from GBX 1,350 to GBX 1,100 and set a “neutral” rating on the stock in a report on Friday, July 25th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 1,134.

Wizz Air Trading Down 1.4%

The stock has a market cap of £1.10 billion, a P/E ratio of 5.99, a P/E/G ratio of 0.47 and a beta of 2.28. The company has a debt-to-equity ratio of 1,582.50, a quick ratio of 0.82 and a current ratio of 0.98. The stock’s fifty day moving average is GBX 1,144.73 and its 200 day moving average is GBX 1,265.15.

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.