Jet2 (LON:JET2) Stock Price Up 0.1% – Should You Buy?

Jet2 plc (LON:JET2) shares shot up 0.1% during trading on Monday . The company traded as high as GBX 1,431 and last traded at GBX 1,414.85. 533,236 shares traded hands during trading, a decline of 74% from the average session volume of 2,012,978 shares. The stock had previously closed at GBX 1,413.

Analyst Upgrades and Downgrades

JET2 has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating on the stock in a report on Wednesday, November 19th. JPMorgan Chase & Co. lowered shares of Jet2 to a “neutral” rating and cut their price objective for the company from GBX 1,850 to GBX 1,450 in a research report on Monday, December 1st. Canaccord Genuity Group restated a “buy” rating and set a GBX 2,250 target price on shares of Jet2 in a research report on Wednesday, November 12th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 1,700 target price on shares of Jet2 in a research note on Thursday, November 20th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 2,150 price target on shares of Jet2 in a research note on Monday, November 24th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,917.83.

Jet2 Price Performance

The company’s 50-day moving average is GBX 1,361.31 and its 200-day moving average is GBX 1,490.97. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49. The firm has a market capitalization of £2.67 billion, a price-to-earnings ratio of 6.04, a PEG ratio of 9.34 and a beta of 2.27.

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