Jet2 (LON:JET2) Shares Up 1.5% – Here’s Why

Jet2 plc (LON:JET2)’s share price shot up 1.5% during mid-day trading on Friday . The company traded as high as GBX 1,263 and last traded at GBX 1,237. 1,157,248 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 1,841,134 shares. The stock had previously closed at GBX 1,219.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on JET2. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,150 price objective on shares of Jet2 in a research note on Monday, November 24th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 1,700 price target on shares of Jet2 in a research report on Thursday, November 20th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 2,250 price objective on shares of Jet2 in a report on Wednesday, November 12th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,100 target price on shares of Jet2 in a report on Thursday, November 20th. Finally, JPMorgan Chase & Co. lowered Jet2 to a “neutral” rating and dropped their price target for the stock from GBX 1,850 to GBX 1,450 in a research note on Monday, December 1st. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Jet2 currently has an average rating of “Moderate Buy” and an average price target of GBX 1,917.83.

Jet2 Stock Performance

The company has a 50 day moving average of GBX 1,353.74 and a two-hundred day moving average of GBX 1,433.30. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49. The company has a market capitalization of £2.32 billion, a PE ratio of 5.28, a PEG ratio of 9.34 and a beta of 2.27.

Jet2 (LON:JET2) last announced its earnings results 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%. As a group, equities research analysts predict that Jet2 plc will post 170.9134615 earnings per share for the current year.

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.