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Prices & Quotes - UK Markets - Wizz Air Holdings (WIZZ)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 3,164.00p
Change Today:
40.00p
Market Cap:
2,703.37m
Sector:
Travel & Leisure

Ryanair and Wizz are 'best plays for recovery', says Morgan Stanley

By Michele Maatouk

Date: Wednesday 23 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Morgan Stanley lifted its price targets on budget airlines Ryanair and Wizz Air as it argued that they remain "the best plays for recovery".
Both stocks are rated 'overweight'. MS upped its price target on Ryanair to €16.00 from €15.00 and on Wizz to 4,500p from 3,800p.

The bank noted that airlines are up around 40% from their March lows and said that while short-term trading trends have been deteriorating, there is upside risk of a gradual return to flying.

"Once this materialises, investor focus could shift to the recovery plays. We think RYA and Wizz remain the best plays for recovery," it said.

Morgan Stanley said news flow on travel restrictions, capacity revisions and Covid-19 treatments and vaccines will likely keep airline stock volatility high.

"However, given the recent round of very negative news flow on increased quarantine restrictions in the UK and Europe and sharp capacity revisions for winter 2020/2021, we think short term earnings expectations are low," it said.

"We see some room for (cautious) optimism: (1) increased testing in airports could marginally improve travels restrictions, a positive for sentiment; (2) the MS biotech team does not expect the temporary suspension of the AstraZeneca vaccine trial to have implications for other advance vaccine studies.

"And MS European Strategist and BioPHarma teams expect positive announcements on vaccines towards October/November and mass vaccination programs beginning as early as 1Q21 in developed markets, paving the way for a shift in investor focus towards recovery stocks, which includes airlines."

MS said that despite their year-to-date outperformance, Ryanair and Wizz continue to offer the best risk reward due to comfortable liquidity positions, low-cost structures and managements' strategy to leverage growth prospects via market share gains.

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WIZZ Market Data

Currency UK Pounds
Price 3,164.00p
Change Today 40.00p
52 Week High 4,496.00p
52 Week Low 2,006.00p
Volume 152,892
Shares Issued 85.44m
Market Cap 2,703.37m

Performance Indicators

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What The Brokers Say

Strong Buy 11
Buy 1
Neutral 8
Sell 0
Strong Sell 1
Total 21
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

WIZZ Dividends

No dividends found

Trades for 29-Oct-2020

Time Volume / Share Price
16:35 43,871 @ 3,164.00p
16:29 6 @ 3,178.00p
16:29 12 @ 3,178.00p
16:29 7 @ 3,178.00p
16:29 137 @ 3,176.00p

WIZZ Key Personnel

Chair William Franke
CEO Jozsef Varadi