JPMorgan Chase & Co. Trims Wizz Air (OTCMKTS:WZZZY) Target Price to GBX 3,900

Wizz Air (OTCMKTS:WZZZY) had its price target reduced by equities researchers at JPMorgan Chase & Co. from GBX 4,300 ($53.81) to GBX 3,900 ($48.80) in a research note issued to investors on Monday, FlyOnTheWall reports.

Several other equities research analysts also recently commented on the stock. Morgan Stanley lowered their target price on shares of Wizz Air from GBX 4,300 ($53.81) to GBX 3,950 ($49.43) in a research note on Friday, August 4th. Barclays lowered their price target on Wizz Air from GBX 2,600 ($32.54) to GBX 2,150 ($26.91) in a research report on Friday, August 4th. Liberum Capital began coverage on Wizz Air in a research report on Tuesday, July 11th. They issued a “sell” rating on the stock. UBS Group raised Wizz Air from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, Royal Bank of Canada began coverage on Wizz Air in a research note on Tuesday, June 27th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Wizz Air has an average rating of “Hold” and an average target price of $3,158.33.

Wizz Air Price Performance

Shares of WZZZY stock remained flat at $6.00 during trading hours on Monday. Wizz Air has a 52 week low of $3.74 and a 52 week high of $9.80. The firm’s 50-day simple moving average is $7.43 and its 200 day simple moving average is $8.15.

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.