Jet2 plc (LON:JET2) Receives GBX 1,917.83 Consensus Target Price from Brokerages

Jet2 plc (LON:JET2) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,917.83.

Several analysts recently issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 2,250 price target on shares of Jet2 in a research report on Wednesday, November 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,150 price target on shares of Jet2 in a research note on Monday, November 24th. Panmure Gordon restated a “buy” rating and set a GBX 1,700 price objective on shares of Jet2 in a research report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft decreased their target price on Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. cut shares of Jet2 to a “neutral” rating and dropped their target price for the stock from GBX 1,850 to GBX 1,450 in a report on Monday, December 1st.

Jet2 Stock Down 0.2%

Shares of LON JET2 opened at GBX 1,380 on Monday. The stock has a market capitalization of £2.61 billion, a P/E ratio of 5.89, a PEG ratio of 9.34 and a beta of 2.27. The stock’s fifty day moving average is GBX 1,347.02 and its 200 day moving average is GBX 1,535.76. Jet2 has a 52 week low of GBX 1,088 and a 52 week high of GBX 1,963. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36.

Jet2 (LON:JET2) last posted its quarterly earnings data on Wednesday, November 19th. The company reported GBX 300.40 earnings per share for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. Sell-side analysts forecast that Jet2 will post 170.9134615 earnings per share for the current fiscal 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.