Wizz Air (LON:WIZZ) Trading 15.9% Higher – Time to Buy?

Wizz Air Holdings Plc (LON:WIZZ) traded up 15.9% on Thursday . The company traded as high as GBX 1,182 and last traded at GBX 1,175.39. 5,903,252 shares changed hands during mid-day trading, an increase of 478% from the average session volume of 1,021,540 shares. The stock had previously closed at GBX 1,014.

Analysts Set New Price Targets

WIZZ has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded Wizz Air to a “hold” rating and decreased their target price for the company from GBX 1,500 to GBX 1,400 in a research note on Friday, September 19th. Citigroup dropped their price objective on shares of Wizz Air from GBX 1,220 to GBX 770 and set a “sell” rating for the company in a report on Thursday, October 23rd. JPMorgan Chase & Co. decreased their target price on Wizz Air from GBX 1,350 to GBX 1,100 and set a “neutral” rating on the stock in a research report on Friday, July 25th. UBS Group restated a “buy” rating on shares of Wizz Air in a report on Friday, November 7th. Finally, Royal Bank Of Canada decreased their price objective on Wizz Air from GBX 1,300 to GBX 1,250 and set a “sector perform” rating on the stock in a report on Tuesday, July 29th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 1,134.

Wizz Air Price Performance

The company has a market capitalization of £1.10 billion, a PE ratio of 5.99, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28. The company has a quick ratio of 0.82, a current ratio of 0.98 and a debt-to-equity ratio of 1,582.50. The firm’s 50 day simple moving average is GBX 1,144.73 and its 200 day simple 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.