By Michele Maatouk
Date: Wednesday 15 Jun 2022
LONDON (ShareCast) - (Sharecast News) - Citi upgraded its recommendation on shares of budget airline Wizz Air to 'neutral' from 'sell' on Wednesday, keeping the price target at 2,300p.
The bank said that while Wizz will be burdened by higher costs in FY23, the company should exceed pre-pandemic levels of profitability in FY24, driven by the easing of unit cost ex-fuel and a better pricing environment.
"Meanwhile, the structural backdrop for Wizz remains supportive in the medium to long-term," Citi said.
At 1045 BST, the shares were up 1.2% at 2,075.00p
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Currency | UK Pounds |
Share Price | 2,426.00p |
Change Today | -66.00p |
% Change | -2.65 % |
52 Week High | 2,960.00 |
52 Week Low | 1,546.50 |
Volume | 690,633 |
Shares Issued | 103.36m |
Market Cap | £2,507.53m |
RiskGrade | 205 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 4 |
Buy | 5 |
Neutral | 11 |
Sell | 0 |
Strong Sell | 2 |
Total | 22 |
No dividends found |
Time | Volume / Share Price |
16:01 | 97 @ 2,426.00p |
16:01 | 28 @ 2,426.00p |
16:01 | 25 @ 2,426.00p |
15:58 | 92 @ 2,428.00p |
15:58 | 46 @ 2,428.00p |
Chair | William Franke |
CEO | Jozsef Varadi |
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