Royal Bank of Canada Reiterates “Outperform” Rating for Jet2 (LON:JET2)

Jet2 (LON:JET2)‘s stock had its “outperform” rating reissued by Royal Bank of Canada in a report released on Friday, Digital Look reports. They currently have a GBX 1,950 ($24.68) price target on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 37.03% from the stock’s current price.

JET2 has been the subject of several other reports. Canaccord Genuity Group raised their target price on shares of Jet2 from GBX 1,850 ($23.41) to GBX 1,900 ($24.05) and gave the company a “buy” rating in a research note on Thursday, February 15th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,800 ($22.78) target price on shares of Jet2 in a research note on Friday, February 16th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 1,850 ($23.41).

Jet2 Stock Down 2.9 %

Shares of LON:JET2 traded down GBX 43 ($0.54) during midday trading on Friday, hitting GBX 1,423 ($18.01). The stock had a trading volume of 545,097 shares, compared to its average volume of 461,760. Jet2 has a 12 month low of GBX 960 ($12.15) and a 12 month high of GBX 1,568 ($19.85). The company has a quick ratio of 1.49, a current ratio of 1.62 and a debt-to-equity ratio of 87.09. The business’s 50-day simple moving average is GBX 1,402.52 and its 200-day simple moving average is GBX 1,250.97. The company has a market cap of £3.05 billion, a P/E ratio of 781.87, a PEG ratio of 9.34 and a beta of 2.26.

Jet2 Company Profile

Jet2 plc, together with its subsidiaries, engages in the leisure travel business primarily in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the package holiday and non-ticket retail activities, as well as passenger and charter aircraft operations.