Jet2 plc (LON:JET2) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Jet2 plc (LON:JET2) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 1,917.83.

A number of research analysts have commented on JET2 shares. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 2,250 price target on shares of Jet2 in a research report on Wednesday, November 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,100 target price on shares of Jet2 in a report on Thursday, November 20th. JPMorgan Chase & Co. downgraded shares of Jet2 to a “neutral” rating and lowered their price target for the stock from GBX 1,850 to GBX 1,450 in a research note on Monday, December 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Finally, Panmure Gordon reissued a “buy” rating and issued a GBX 1,700 target price on shares of Jet2 in a research note on Thursday, November 20th.

Insider Buying and Selling at Jet2

In other news, insider Rachel Kentleton bought 1,638 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were purchased at an average price of GBX 1,306 per share, for a total transaction of £21,392.28. Company insiders own 21.79% of the company’s stock.

Jet2 Price Performance

Shares of Jet2 stock opened at GBX 1,256 on Friday. The firm has a market capitalization of £2.34 billion, a PE ratio of 5.36, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 103.30. Jet2 has a 12 month low of GBX 1,088 and a 12 month high of GBX 1,963. The business’s 50-day moving average price is GBX 1,312.39 and its 200-day moving average price is GBX 1,381.34.

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.