Wizz Air (LON:WIZZ) Price Target Raised to GBX 2,400 at Royal Bank of Canada

Wizz Air (LON:WIZZ) had its target price increased by stock analysts at Royal Bank of Canada from GBX 2,300 ($29.78) to GBX 2,400 ($31.07) in a report issued on Friday,Digital Look reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 48.24% from the stock’s current price.

Wizz Air Stock Down 2.8 %

LON WIZZ opened at GBX 1,619 ($20.96) on Friday. The business has a fifty day moving average price of GBX 1,553.66 and a 200 day moving average price of GBX 1,412.60. 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 company has a market cap of £1.99 billion, a P/E ratio of 6.75, a P/E/G ratio of 0.47 and a beta of 2.28. Wizz Air has a one year low of GBX 1,135 ($14.69) and a one year high of GBX 2,548 ($32.99).

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.