Jet2 plc (LON:JET2) Receives GBX 1,616.57 Average Target Price from Analysts

Shares of Jet2 plc (LON:JET2) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,616.57.

Several equities research analysts have recently weighed in on JET2 shares. UBS Group reaffirmed a “buy” rating and issued a GBX 1,660 target price on shares of Jet2 in a report on Friday, July 3rd. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,800 price target on shares of Jet2 in a report on Friday, September 4th. Royal Bank Of Canada boosted their price target on shares of Jet2 from GBX 1,800 to GBX 1,900 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,256 price objective on shares of Jet2 in a research note on Friday, September 4th. Finally, Canaccord Genuity Group raised their price objective on shares of Jet2 from GBX 1,750 to GBX 1,800 and gave the stock a “buy” rating in a report on Thursday, September 3rd.

Insiders Place Their Bets

In other news, insider Stephen Heapy sold 15,409 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 1,475, for a total transaction of £227,282.75. Also, insider Gary Brown sold 11,765 shares of Jet2 stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 1,475, for a total value of £173,533.75. Insiders have sold a total of 87,558 shares of company stock valued at $129,148,050 over the last ninety days. Insiders own 22.48% of the company’s stock.

Jet2 Price Performance

Jet2 stock opened at GBX 1,381.64 on Wednesday. The company has a debt-to-equity ratio of 62.09, a current ratio of 1.36 and a quick ratio of 1.49. The company has a market capitalization of £2.51 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 9.34 and a beta of 1.18. Jet2 has a one year low of GBX 980 and a one year high of GBX 1,612. The business has a 50 day simple moving average of GBX 1,506.37 and a 200 day simple moving average of GBX 1,307.50.

Jet2 (LON:JET2) last announced its quarterly earnings results on Wednesday, July 8th. The company reported GBX 211.20 earnings per share for the quarter. Jet2 had a return on equity of 19.92% and a net margin of 5.49%. On average, sell-side analysts forecast that Jet2 will post 170.9134615 EPS for the current fiscal year.

Jet2 announced that its board has approved a share buyback program on Wednesday, July 8th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.