Wizz Air
Does this Upgrade present an opportunity for you?
Is it irrelevant, or will the Upgrade make the Wizz Air share price more attractive?
- The chart shows the Wizz Air share price since late May.
- HSBC has upgraded its rating to Buy and changed the target price to 3500p.
- Consensus summary: 14 Buys, 5 Holds, 0 Sell; Average target: 3511.67p (Source: Bloomberg).
- Current share price 3007p (at time of writing).
- 3 Dec: HSBC says Wizz Air should benefit from a recent retreat in fuel prices.
- Shares -21.7% from 2018 highs; +30.26% from 2018 lows; -18.65% year-to date
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Wizz Air – An Example
Let’s say you think that Wizz Air shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of Wizz Air using a CFD, at the current price of 3007p. To do this, you need £2,000.
For the purpose of this example, let’s assume the Wizz Air share price rises to July high of 3809p (+26.6%). Your profit would be £2660 from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 8% from the current price. Wizz Air shares continue their downtrend, they fall 8% and hit your stop-loss. Your loss would be £800.
This is provided for information purposes only. It should not be taken as a recommendation.