Jefferies Financial Group Reiterates “Buy” Rating for Jet2 (LON:JET2)

Jet2 (LON:JET2)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a research report issued on Friday, LSE.Co.UK reports. They currently have a GBX 1,800 ($23.06) price objective on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 28.26% from the stock’s current price.

JET2 has been the topic of a number of other research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 1,950 ($24.98) price objective on shares of Jet2 in a research report on Friday, April 12th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,900 ($24.34) price objective on shares of Jet2 in a report on Thursday.

Jet2 Stock Up 4.0 %

Shares of LON:JET2 traded up GBX 53.37 ($0.68) during trading hours on Friday, hitting GBX 1,403.37 ($17.98). The company’s stock had a trading volume of 1,005,578 shares, compared to its average volume of 480,423. The firm’s fifty day moving average price is GBX 1,324.51 and its 200 day moving average price is GBX 1,354.01. Jet2 has a 52 week low of GBX 960 ($12.30) and a 52 week high of GBX 1,568 ($20.08). The company has a market capitalization of £3.01 billion, a price-to-earnings ratio of 771.08, a P/E/G ratio of 9.34 and a beta of 2.23. The company has a debt-to-equity ratio of 87.09, a current ratio of 1.62 and a quick ratio of 1.49.

About Jet2

Jet2 plc, together with its subsidiaries, engages in the leisure travel business primarily in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the package holiday and non-ticket retail activities, as well as passenger and charter aircraft operations.