Jet2 plc (LON:JET2) Given Average Rating of “Moderate Buy” by Brokerages

Jet2 plc (LON:JET2) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,642.83.

Several equities research analysts have issued reports on the company. Canaccord Genuity Group downgraded Jet2 to a “buy” rating and dropped their target price for the stock from GBX 2,350 to GBX 1,900 in a research report on Wednesday, April 29th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,800 price objective on shares of Jet2 in a research note on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price objective on Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating on the stock in a research note on Friday, March 20th. Finally, Royal Bank Of Canada decreased their price objective on Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating on the stock in a research note on Thursday, April 30th.

Jet2 Stock Performance

LON:JET2 opened at GBX 1,320 on Monday. The business has a fifty day simple moving average of GBX 1,162.87 and a two-hundred day simple moving average of GBX 1,238.36. The company has a market capitalization of £2.39 billion, a P/E ratio of 5.64, a P/E/G ratio of 9.34 and a beta of 1.18. Jet2 has a 1 year low of GBX 980 and a 1 year high of GBX 1,900. The company has a debt-to-equity ratio of 61.57, a current ratio of 1.40 and a quick ratio of 1.49.

Jet2 Company Profile

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.