Deutsche Bank Aktiengesellschaft Cuts Jet2 (LON:JET2) Price Target to GBX 1,457

Jet2 (LON:JET2) had its price target cut by Deutsche Bank Aktiengesellschaft from GBX 1,596 to GBX 1,457 in a research note released on Friday, MarketBeat.com reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,100 target price on shares of Jet2 in a research note on Thursday, November 20th. Panmure Gordon restated a “buy” rating and set a GBX 1,700 price target on shares of Jet2 in a research note on Thursday, November 20th. JPMorgan Chase & Co. cut 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 report on Monday, December 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 2,150 price objective on shares of Jet2 in a research note on Monday, November 24th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,851.17.

Jet2 Price Performance

JET2 opened at GBX 1,073 on Friday. Jet2 has a fifty-two week low of GBX 1,050 and a fifty-two week high of GBX 1,963. The firm has a 50-day moving average of GBX 1,231.03 and a 200 day moving average of GBX 1,325.97. The company has a debt-to-equity ratio of 61.57, a quick ratio of 1.49 and a current ratio of 1.40. The firm has a market cap of £1.98 billion, a P/E ratio of 4.58, a PEG ratio of 9.34 and a beta of 1.24.

Insider Buying and Selling at Jet2

In other Jet2 news, insider Gary Brown acquired 2,349 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average cost of GBX 766 per share, with a total value of £17,993.34. Also, insider Stephen Heapy bought 2,349 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were acquired at an average price of GBX 766 per share, with a total value of £17,993.34. Insiders have acquired a total of 6,336 shares of company stock valued at $5,737,896 over the last three months. 21.96% of the stock is currently owned by insiders.

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.