Jet2 (LON:JET2) Given New GBX 2,385 Price Target at Deutsche Bank Aktiengesellschaft

Jet2 (LON:JET2) had its price objective lifted by analysts at Deutsche Bank Aktiengesellschaft from GBX 2,240 ($28.20) to GBX 2,385 ($30.03) in a report issued on Friday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 58.47% from the company’s current price.

Separately, Canaccord Genuity Group raised their price objective on Jet2 from GBX 1,900 ($23.92) to GBX 2,050 ($25.81) and gave the stock a “buy” rating in a report on Thursday.

Jet2 Trading Up 0.3 %

LON:JET2 traded up GBX 4.99 ($0.06) during midday trading on Friday, hitting GBX 1,504.99 ($18.95). 1,841,390 shares of the company traded hands, compared to its average volume of 571,222. Jet2 has a 12-month low of GBX 1,066 ($13.42) and a 12-month high of GBX 1,600 ($20.14). The firm has a market capitalization of £3.23 billion, a P/E ratio of 885.88, a P/E/G ratio of 9.34 and a beta of 2.27. The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 103.30. The firm’s fifty day moving average is GBX 1,442.42 and its 200-day moving average is GBX 1,388.06.

Insider Transactions at Jet2

In related news, insider Angela Luger bought 900 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average cost of GBX 1,395 ($17.56) per share, with a total value of £12,555 ($15,806.37). Also, insider Rachel Kentleton acquired 1,801 shares of Jet2 stock in a transaction dated Thursday, September 12th. The stock was purchased at an average price of GBX 1,403 ($17.66) per share, for a total transaction of £25,268.03 ($31,811.70). Corporate insiders own 20.92% of the company’s stock.

Jet2 Company Profile

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.