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

Jet2 plc (LON:JET2) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 1,917.83.

A number of research firms have recently commented on JET2. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,150 price objective on shares of Jet2 in a research note on Monday, November 24th. JPMorgan Chase & Co. downgraded shares of Jet2 to a “neutral” rating and cut their price target for the company from GBX 1,850 to GBX 1,450 in a report on Monday, December 1st. Canaccord Genuity Group restated a “buy” rating and set a GBX 2,250 price objective on shares of Jet2 in a research report on Wednesday, November 12th. Panmure Gordon reiterated a “buy” rating and issued a GBX 1,700 target price on shares of Jet2 in a report on Thursday, November 20th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 2,100 target price on shares of Jet2 in a report on Thursday, November 20th.

Jet2 Stock Up 1.6%

Jet2 stock opened at GBX 1,254 on Tuesday. Jet2 has a 52 week low of GBX 1,088 and a 52 week high of GBX 1,963. The stock has a market cap of £2.33 billion, a price-to-earnings ratio of 5.35, a PEG ratio of 9.34 and a beta of 2.27. The company’s 50-day moving average price is GBX 1,339.14 and its two-hundred day moving average price is GBX 1,417.43. The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 103.30.

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