Jet2’s (JET2) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Jet2 (LON:JET2Free Report) in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage currently has a GBX 2,100 target price on the stock.

A number of other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating on the stock in a research report on Friday, March 20th. JPMorgan Chase & Co. downgraded Jet2 to a “neutral” rating and cut their price objective for the company from GBX 1,850 to GBX 1,450 in a report on Monday, December 1st. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,150 price objective on shares of Jet2 in a research report on Monday, November 24th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Jet2 has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,851.17.

Read Our Latest Report on Jet2

Jet2 Trading Up 1.5%

JET2 opened at GBX 1,118 on Monday. The company has a market cap of £2.07 billion, a P/E ratio of 4.77, a PEG ratio of 9.34 and a beta of 1.24. The company has a current ratio of 1.40, a quick ratio of 1.49 and a debt-to-equity ratio of 61.57. The company’s 50 day moving average is GBX 1,218.05 and its 200-day moving average is GBX 1,320.25. Jet2 has a 1-year low of GBX 1,029 and a 1-year high of GBX 1,963.

Insider Buying and Selling at Jet2

In related news, insider Rachel Kentleton purchased 1,638 shares of Jet2 stock in a transaction on Wednesday, February 18th. The shares were purchased at an average price of GBX 1,306 per share, for a total transaction of £21,392.28. Also, insider Gary Brown purchased 2,349 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average cost of GBX 766 per share, with a total value of £17,993.34. In the last quarter, insiders have purchased 6,336 shares of company stock worth $5,737,896. Insiders own 21.96% of the company’s stock.

Jet2 News Summary

Here are the key news stories impacting Jet2 this week:

Jet2 Company Profile

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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.

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Analyst Recommendations for Jet2 (LON:JET2)

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