Jet2 (LON:JET2) Cut to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Jet2 (LON:JET2) to a neutral rating in a report issued on Monday, MarketBeat.com reports. The brokerage currently has GBX 1,450 price target on the stock, down from their previous price target of GBX 1,850.

Several other brokerages have also recently commented on JET2. Deutsche Bank Aktiengesellschaft reduced their target price on Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Panmure Gordon reissued a “buy” rating and issued a GBX 1,700 price objective on shares of Jet2 in a research note on Thursday, November 20th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,150 target price on shares of Jet2 in a report on Monday, November 24th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 2,250 price target on shares of Jet2 in a research report on Wednesday, November 12th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 2,100 price objective on shares of Jet2 in a research note on Thursday, November 20th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,917.83.

Jet2 Stock Down 0.4%

JET2 stock opened at GBX 1,334 on Monday. Jet2 has a 12 month low of GBX 1,088 and a 12 month high of GBX 1,963. The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 103.30. The stock has a market capitalization of £2.52 billion, a P/E ratio of 6.44, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. The firm has a 50-day moving average price of GBX 1,356.45 and a 200-day moving average price of GBX 1,566.31.

Jet2 (LON:JET2) last released its quarterly earnings data on Wednesday, November 19th. The company reported GBX 300.40 earnings per share for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. As a group, equities research analysts anticipate that Jet2 will post 170.9134615 EPS 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.