Jefferies Financial Group Reaffirms “Buy” Rating for Jet2 (LON:JET2)

Jet2 (LON:JET2)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a research note issued on Friday, London Stock Exchange reports. They currently have a GBX 1,800 price objective on the stock. Jefferies Financial Group’s target price indicates a potential upside of 18.34% from the stock’s current price.

Several other brokerages have also commented on JET2. Royal Bank Of Canada raised 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 note on Thursday, July 9th. Canaccord Genuity Group increased their price objective on Jet2 from GBX 1,750 to GBX 1,800 and gave the stock a “buy” rating in a report on Thursday. Finally, UBS Group restated a “buy” rating and issued a GBX 1,660 target price on shares of Jet2 in a research report on Friday, July 3rd. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 1,645.29.

Jet2 Stock Up 0.9%

Jet2 stock opened at GBX 1,521 on Friday. The company has a 50-day simple moving average of GBX 1,486.46 and a 200-day simple moving average of GBX 1,290.19. The firm has a market capitalization of £2.74 billion, a P/E ratio of 7.31, a P/E/G ratio of 9.34 and a beta of 1.18. 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 has a one year low of GBX 980 and a one year high of GBX 1,612.

Jet2 (LON:JET2) last issued its quarterly earnings data on Wednesday, July 8th. The company reported GBX 211.20 earnings per share for the quarter. Jet2 had a net margin of 5.49% and a return on equity of 19.92%. As a group, equities analysts expect that Jet2 will post 170.9134615 earnings per share for the current year.

Jet2 announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, July 8th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Jet2

In other Jet2 news, insider Gary Brown sold 26,143 shares of Jet2 stock in a transaction dated Friday, July 17th. The stock was sold at an average price of GBX 1,475, for a total transaction of £385,609.25. Also, insider Stephen Heapy sold 34,241 shares of the stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of GBX 1,475, for a total transaction of £505,054.75. Insiders have sold 87,558 shares of company stock worth $129,148,050 over the last three months. 22.58% of the stock is owned by insiders.

Key Stories Impacting Jet2

Here are the key news stories impacting Jet2 this week:

• Positive Sentiment: Jet2 reported that summer bookings are up 8.8% and said it remains on track for a stronger winter season. The update suggests robust leisure-travel demand despite geopolitical disruption and supports revenue and earnings expectations. Jet2 says summer bookings are up 8.8% and it is on track for a stronger winter
• Positive Sentiment: The company is increasing fuel hedging after solid summer bookings, which could provide greater protection against fuel-price volatility and improve earnings visibility. UK’s Jet2 boosts fuel hedging after solid summer bookings
• Positive Sentiment: Jet2 shareholders approved all AGM resolutions, reinforcing the board and giving management continued flexibility over capital allocation. Jet2 shareholders back all AGM resolutions
• Positive Sentiment: Canaccord Genuity raised its price target from 1,750p to 1,800p and retained a “buy” rating, indicating improved analyst confidence in Jet2’s outlook. London Stock Exchange Jet2 company page
• Positive Sentiment: Jet2 plans to transfer its listing from AIM to the Main Market. The move may improve visibility, broaden access for institutional investors and strengthen the company’s market profile, although it is primarily a structural change rather than a direct earnings catalyst. Jet2 announces move to Main Market
• Neutral Sentiment: Management said late-booking trends are continuing into winter, while rising multigenerational holiday bookings and new routes provide additional demand opportunities. However, late bookings can make capacity and pricing less predictable. Jet2 sees late booking trend continuing into winter
• Negative Sentiment: Middle East disruptions remain a risk to flight schedules, costs and customer demand, although current booking data indicates Jet2 has so far shown resilience. Jet2 logs higher summer bookings despite Middle East disruptions

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.