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Pin to quick picksWizz Air Share News (WIZZ)

Share Price Information for Wizz Air (WIZZ)

London Stock Exchange
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Share Price: 1,950.00
Bid: 0.00
Ask: 2,280.00
Change: 0.00 (0.00%)
Spread: 339.00 (17.465%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 1,950.00
WIZZ Live PriceLast checked at -

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Sunday share tips: Jet2, WizzAir, Bango

Sun, 30th Jul 2023 12:44

(Sharecast News) - The Sunday Times's Lucy Tobin's recommendation to readers was to switch out off Wizz Air and into Jet2.

Aviation was indeed booming and carriers expected to rebuild their margins back to their pre-Covid levels.

But some carriers, such as Wizz Air, were carrying an "awful" lot of debt, 41 new A321neo jets were set to join its balance sheet in 2024 and higher interest rates meant that it's "bubbling" cashflow would not make much of a dent in its debts.

Furthermore, as analysts at Liberum pointed out, its shares were trading at a premium versus rivals.

And the cost of living crisis would impact on the affordability of holidays.

Jet2 on the other reported full-year revenues that were 40% above their pre-pandemic level of £5bn and its load factor hit 90.5%.

It also had a strong balance sheet, decent liquidity and the shares remained below their £19 pre-Covid peak.

Jet2's clientele also tended to be older and with higher incomes than that of straight budget carriers, the company had a "far stronger" reputation and its management was in good hands, said Tobin.

The Financial Mail on Sunday's Midas column recommended shares of Bango, the digital payments and market technology outfit, to readers.

Bango's technology allowed customers to manage their subscriptions, whilst corporate clients found it easier to charge for their goods and could reach a larger number of potential buyers.

Its list of corporate clients included the likes of Amazon, Google, Microsoft, Vodafone, Samsung and America's AT&T.

In 2022, the company processed over £7bn-worth of payments across the globe.

And its addressable market was expected to continue growing.

During the previous year, consumers worldwide spent nearly £210bn on subscriptions and total expenditure was expected to rise past £450bn in the next three years.

"Bango shares are at £1.89, having been at more than £2.50 at the beginning of the year," Midas said.

"The fall reflects wider unease about technology stocks rather than Bango's own growth potential. Supportive brokers believe Bango shares could hit £3.15, as the subscription business expands and the group moves into profit. Buy."

More News
20 Oct 2023 17:06

LONDON MARKET CLOSE: Stocks down after difficult week for markets

(Alliance News) - Stock prices in London closed lower on Friday, after a difficult week for markets, as investors contend with the heightening war in the Middle East as well as the prospect of higher interest rates.

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20 Oct 2023 17:06

LONDON MARKET CLOSE: Stocks down after difficult week for markets

(Alliance News) - Stock prices in London closed lower on Friday, after a difficult week for markets, as investors contend with the heightening war in the Middle East as well as the prospect of higher interest rates.

Read more
20 Oct 2023 12:11

LONDON MARKET MIDDAY: Middle East tensions continue to weigh on stocks

(Alliance News) - Stock prices in London were down at midday on Friday, as ongoing hostilities in the Middle East continued to weigh on investor sentiment, with US interest rate worries also tempering enthusiasm.

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20 Oct 2023 09:36

LONDON BROKER RATINGS: Barclays cuts Just Eat Takeaway price target

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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20 Oct 2023 09:11

Israel conflict to hit profits for Wizz Air, says Barclays

(Sharecast News) - Barclays has slashed its target price for low-cost airline Wizz Air on the back of rising geopolitical tensions in Israel, which it says will dent profits this year.

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20 Oct 2023 08:52

LONDON MARKET OPEN: Rate worries and Middle East tensions hurt shares

(Alliance News) - Stock prices in London opened lower on Friday, with US interest rate concerns and ongoing hostilities in the Middle East keeping a lid on enthusiasm at the end of the week.

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18 Oct 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 falls after stubborn UK inflation data

(Alliance News) - Stock prices in London were lower heading into Wednesday afternoon, with events in Gaza and a hotter-than-expected UK inflation reading weighing on stocks.

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18 Oct 2023 09:48

Citi downgrades Wizz Air, Lufthansa

(Sharecast News) - Citi downgraded Wizz Air and Lufthansa on Wednesday as it took a look at the airline sector.

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18 Oct 2023 09:39

LONDON BROKER RATINGS: Citigroup cuts Wizz Air to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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18 Oct 2023 07:49

LONDON BRIEFING: UK inflation unchanged; Kin & Carta accepts takeover

(Alliance News) - The FTSE 100 is expected to open higher on Wednesday, amid rising commodity prices prompted by rising tension in the Middle East.

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9 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks suffer amid Israel conflict

(Alliance News) - Oil majors and defence contractor BAE Systems helped shield the FTSE 100 from a deeper decline on Monday, as global equities struggled as events in Israel meant it was a risk-off start to the new week.

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9 Oct 2023 15:40

London close: Stocks slip into red on growing Middle East concerns

(Sharecast News) - London's financial markets closed in the red on Monday, relinquishing earlier gains as geopolitical tensions emanating from the Israel-Gaza conflict hit global sentiment.

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8 Oct 2023 14:22

Major airlines cancel dozens of flights to Tel Aviv amid Hamas attack

(Alliance News) - Major airlines have cancelled dozens of flights to Tel Aviv this weekend after the Palestinian militant group Hamas launched a surprise large-scale attack against Israel.

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6 Oct 2023 09:26

LONDON BROKER RATINGS: UBS raises BHP; HSBC raises Wizz Air

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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3 Oct 2023 09:35

LONDON BROKER RATINGS: UBS cuts Burberry; JPMorgan likes EnQuest

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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