Wizz Air (LON:WIZZ) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Wizz Air (LON:WIZZ) had its price objective 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 reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 53.06% from the stock’s previous close.

Wizz Air Price Performance

Shares of LON WIZZ opened at GBX 1,568 ($20.30) on Friday. The business’s 50 day moving average is GBX 1,558.72 and its 200-day moving average is GBX 1,416.65. The firm has a market cap of £1.93 billion, a P/E ratio of 6.54, a price-to-earnings-growth ratio of 0.47 and a beta of 2.28. Wizz Air has a 1-year low of GBX 1,135 ($14.69) and a 1-year high of GBX 2,548 ($32.98). The company has a current ratio of 0.98, a quick ratio of 0.82 and a debt-to-equity ratio of 1,582.50.

About Wizz Air

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.