Jet2 plc (JET2.L) – What Are Investment Firms Thinking About This Stock?

Jet2 plc (LON:JET2) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 1,616.57.

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

Jet2 Stock Up 0.1%

Shares of LON JET2 opened at GBX 1,411 on Friday. Jet2 has a 52-week low of GBX 980 and a 52-week high of GBX 1,612. The firm has a market capitalization of £2.54 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 9.34 and a beta of 1.18. The stock has a 50 day moving average price of GBX 1,472.36 and a 200 day moving average price of GBX 1,342.56. The company has a debt-to-equity ratio of 62.09, a quick ratio of 1.49 and a current ratio of 1.36.

Jet2 declared that its board has initiated a share buyback program on Wednesday, July 8th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Share repurchase programs are often an indication that the company’s board believes its stock is 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.