Jet2’s (JET2) “Buy” Rating Reaffirmed at UBS Group

Jet2 (LON:JET2)‘s stock had its “buy” rating reaffirmed by equities researchers at UBS Group in a report released on Friday,Digital Look reports. They currently have a GBX 1,660 price target on the stock. UBS Group’s price target would suggest a potential upside of 29.03% from the company’s current price.

Several other analysts have also recently issued reports on JET2. Canaccord Genuity Group cut shares of Jet2 to a “buy” rating and lowered their price objective for the company from GBX 2,350 to GBX 1,900 in a research note on Wednesday, April 29th. JPMorgan Chase & Co. reduced their target price on Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating for the company in a research report on Friday, March 20th. Royal Bank Of Canada cut their price objective on Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,800 price objective on shares of Jet2 in a research note on Wednesday, April 29th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Jet2 currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,645.29.

Jet2 Stock Performance

Shares of JET2 stock opened at GBX 1,286.50 on Friday. The company has a debt-to-equity ratio of 61.57, a quick ratio of 1.49 and a current ratio of 1.40. The firm has a market capitalization of £2.32 billion, a price-to-earnings ratio of 5.49, a price-to-earnings-growth ratio of 9.34 and a beta of 1.18. Jet2 has a one year low of GBX 980 and a one year high of GBX 1,855. The company has a 50 day moving average price of GBX 1,201.08 and a 200 day moving average price of GBX 1,233.57.

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.