Deutsche Bank Aktiengesellschaft Cuts Jet2 (LON:JET2) Price Target to GBX 1,857

Jet2 (LON:JET2) had its price objective cut by Deutsche Bank Aktiengesellschaft from GBX 2,059 to GBX 1,857 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

A number of other brokerages also recently issued reports on JET2. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,100 price target on shares of Jet2 in a research report on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 2,250 target price on shares of Jet2 in a research report on Wednesday, November 12th. Royal Bank Of Canada lowered their price target on Jet2 from GBX 2,200 to GBX 2,150 and set an “outperform” rating for the company in a report on Friday, September 5th. Finally, Panmure Gordon restated a “buy” rating and set a GBX 1,700 price objective on shares of Jet2 in a report on Thursday. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 2,011.40.

Jet2 Stock Up 3.2%

LON:JET2 opened at GBX 1,360 on Wednesday. Jet2 has a fifty-two week low of GBX 1,088 and a fifty-two week high of GBX 1,963. The stock has a market capitalization of £2.57 billion, a P/E ratio of 6.56, a P/E/G ratio of 9.34 and a beta of 2.27. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36. The company’s 50-day simple moving average is GBX 1,358.83 and its 200-day simple moving average is GBX 1,585.68.

Jet2 (LON:JET2) last posted its quarterly earnings data on Wednesday, November 19th. The company reported GBX 300.40 EPS for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. On average, equities analysts anticipate 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.