UBS Group Downgrades Wizz Air (WIZZ) to Neutral

Wizz Air (LON:WIZZ) was downgraded by investment analysts at UBS Group to a “neutral” rating in a research report issued to clients and investors on Thursday, reports. They presently have a GBX 3,375 ($44.10) target price on the stock, down from their prior target price of GBX 3,475 ($45.41). UBS Group’s price objective indicates a potential upside of 5.90% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Societe Generale cut Wizz Air to a “hold” rating and lowered their price objective for the company from GBX 3,550 ($46.39) to GBX 3,480 ($45.47) in a research note on Tuesday. Royal Bank of Canada restated a “top pick” rating on shares of Wizz Air in a research note on Thursday, January 31st. HSBC boosted their price objective on Wizz Air from GBX 3,650 ($47.69) to GBX 3,800 ($49.65) and gave the company a “buy” rating in a research note on Wednesday, January 30th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Wizz Air in a research note on Thursday, January 24th. Finally, Morgan Stanley boosted their price objective on Wizz Air from GBX 3,200 ($41.81) to GBX 3,250 ($42.47) and gave the company an “equal weight” rating in a research note on Tuesday, January 22nd. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of GBX 3,465.08 ($45.28).

Shares of Wizz Air stock opened at GBX 3,187 ($41.64) on Thursday. Wizz Air has a 52-week low of GBX 1,597 ($20.87) and a 52-week high of GBX 3,825 ($49.98).

In other Wizz Air news, insider Jozsef Varadi sold 450 shares of Wizz Air stock in a transaction dated Monday, December 24th. The stock was sold at an average price of GBX 2,769 ($36.18), for a total transaction of £12,460.50 ($16,281.85).

Wizz Air Company Profile

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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Analyst Recommendations for Wizz Air (LON:WIZZ)

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