Royal Bank of Canada Reaffirms Outperform Rating for Wizz Air (LON:WIZZ)

Wizz Air (LON:WIZZ)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank of Canada in a research report issued on Thursday, Digital Look reports. They presently have a GBX 3,300 ($41.74) target price on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 61.76% from the company’s previous close.

Separately, JPMorgan Chase & Co. lowered their price target on Wizz Air from GBX 2,250 ($28.46) to GBX 2,150 ($27.19) and set a “neutral” rating on the stock in a report on Wednesday, May 8th.

Wizz Air Price Performance

WIZZ opened at GBX 2,040 ($25.80) on Thursday. The stock has a fifty day moving average price of GBX 2,236.53 and a 200 day moving average price of GBX 2,167.73. Wizz Air has a 1 year low of GBX 1,518.50 ($19.21) and a 1 year high of GBX 2,855 ($36.11). The stock has a market cap of £2.11 billion, a price-to-earnings ratio of -470.85, a PEG ratio of -0.30 and a beta of 2.31. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 2,493.26.

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 in Europe and the Middle East. As of June 08, 2022, it operated a fleet of 154 aircraft that offered services for approximately 1000 routes from 194 airports in 51 countries.