Jet2 plc (LON:JET2) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Jet2 plc (LON:JET2) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 1,645.29.

JET2 has been the subject of several recent research reports. Royal Bank Of Canada decreased their price target on shares of Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,800 price objective on shares of Jet2 in a research note on Wednesday, April 29th. UBS Group restated a “buy” rating and issued a GBX 1,660 price objective on shares of Jet2 in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating for the company in a research report on Friday, March 20th. Finally, Canaccord Genuity Group lowered Jet2 to a “buy” rating and reduced their price target for the company from GBX 2,350 to GBX 1,900 in a research report on Wednesday, April 29th.

Jet2 Trading Up 8.2%

Shares of Jet2 stock opened at GBX 1,467 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.40 and a debt-to-equity ratio of 61.57. Jet2 has a 12-month low of GBX 980 and a 12-month high of GBX 1,855. The company has a market capitalization of £2.65 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 9.34 and a beta of 1.16. The firm’s 50-day moving average price is GBX 1,212.62 and its two-hundred day moving average price is GBX 1,232.48.

Jet2 (LON:JET2) last issued its 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 24.73% and a net margin of 6.11%. On average, analysts forecast that Jet2 will post 170.9134615 earnings per share 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.