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

Wizz Air (LON:WIZZ) had its target price upped by stock analysts at Royal Bank of Canada from GBX 2,300 ($29.77) to GBX 2,400 ($31.06) in a research note issued on Friday, Marketbeat.com reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 53.06% from the stock’s previous close.

Wizz Air Stock Down 5.8 %

WIZZ opened at GBX 1,568 ($20.30) on Friday. The firm’s fifty day moving average price is GBX 1,558.72 and its two-hundred day moving average price is GBX 1,416.65. The company has a market capitalization of £1.93 billion, a P/E ratio of 6.54, 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 current ratio of 0.98 and a quick ratio of 0.82. Wizz Air has a fifty-two week low of GBX 1,135 ($14.69) and a fifty-two week high of GBX 2,548 ($32.98).

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.