Analysts Set Jet2 plc (LON:JET2) Price Target at GBX 1,917.83

Jet2 plc (LON:JET2) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 1,917.83.

A number of analysts have recently weighed in on JET2 shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating for the company in a report on Wednesday, November 19th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 2,250 price target on shares of Jet2 in a research report on Wednesday, November 12th. Panmure Gordon reiterated a “buy” rating and issued a GBX 1,700 price objective on shares of Jet2 in a research report on Thursday, November 20th. JPMorgan Chase & Co. cut Jet2 to a “neutral” rating and reduced their target price for the company from GBX 1,850 to GBX 1,450 in a research note on Monday, December 1st. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,150 target price on shares of Jet2 in a report on Monday, November 24th.

Jet2 Stock Down 1.7%

Shares of LON JET2 opened at GBX 1,398 on Friday. The firm’s fifty day moving average is GBX 1,369.24 and its 200 day moving average is GBX 1,480.51. Jet2 has a 52 week low of GBX 1,088 and a 52 week high of GBX 1,963. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30. The company has a market cap of £2.63 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 9.34 and a beta of 2.27.

Jet2 (LON:JET2) last announced its quarterly earnings results on Wednesday, November 19th. The company reported GBX 300.40 earnings per share for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. On average, equities research analysts expect that Jet2 will post 170.9134615 earnings per share for the current year.

About Jet2

Jet2 plc is a leading leisure travel group, specialising in friendly low fares from its award-winning airline, Jet2.com, and package holidays you can trust from the UK’s largest package holiday provider, Jet2holidays.
Jet2.com is the UK’s third largest airline, flying from 12 UK airports to over 70 destinations across Europe and beyond and Jet2holidays is the UK’s largest tour operator.