Royal Bank of Canada Issues Positive Forecast for Wizz Air (LON:WIZZ) Stock Price

Wizz Air (LON:WIZZ) had its price objective upped by Royal Bank of Canada from GBX 2,300 ($29.77) to GBX 2,400 ($31.06) in a report published on Friday morning, Marketbeat.com reports. They currently have an outperform rating on the stock.

Wizz Air Stock Down 5.8 %

Shares of Wizz Air stock opened at GBX 1,568 ($20.30) on Friday. The business has a 50-day moving average price of GBX 1,558.72 and a 200 day moving average price of GBX 1,415.09. 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). The firm has a market cap 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 quick ratio of 0.82, a current ratio of 0.98 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.