Jet2 (LON:JET2) Given “Outperform” Rating at Royal Bank of Canada

Jet2 (LON:JET2)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank of Canada in a research report issued on Monday, Marketbeat Ratings reports. They currently have a GBX 2,000 ($25.94) target price on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 38.41% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,900 ($24.64) price target on shares of Jet2 in a research report on Thursday, July 11th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,800 ($23.34) price target on shares of Jet2 in a research report on Friday, July 12th.

Jet2 Stock Performance

Jet2 stock opened at GBX 1,445 ($18.74) on Monday. The company has a current ratio of 1.62, a quick ratio of 1.49 and a debt-to-equity ratio of 87.09. Jet2 has a 1 year low of GBX 960 ($12.45) and a 1 year high of GBX 1,568 ($20.33). The company has a market cap of £3.10 billion, a PE ratio of 793.96, a PEG ratio of 9.34 and a beta of 2.23. The company’s 50-day moving average is GBX 1,327.29 and its two-hundred day moving average is GBX 1,358.23.

Insider Buying and Selling at Jet2

In other Jet2 news, insider Robin Terrell acquired 8,557 shares of the stock in a transaction dated Friday, July 12th. The shares were bought at an average cost of GBX 1,388 ($18.00) per share, for a total transaction of £118,771.16 ($154,028.22). Insiders own 20.44% of the company’s stock.

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.