Jet2 plc (LON:JET2) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Jet2 plc (LON:JET2) have received an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,917.83.

JET2 has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,100 target price on shares of Jet2 in a research report on Thursday, November 20th. 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. Deutsche Bank Aktiengesellschaft dropped their price target 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. Canaccord Genuity Group restated a “buy” rating and issued a GBX 2,250 price objective on shares of Jet2 in a research note on Wednesday, November 12th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,150 target price on shares of Jet2 in a research report on Monday, November 24th.

Jet2 Price Performance

Shares of LON JET2 opened at GBX 1,362 on Monday. Jet2 has a fifty-two week low of GBX 1,088 and a fifty-two 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. The firm’s 50-day simple moving average is GBX 1,349.08 and its 200 day simple moving average is GBX 1,543.40. The stock has a market cap of £2.57 billion, a price-to-earnings ratio of 5.82, a PEG ratio of 9.34 and a beta of 2.27.

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