Jet2 plc (LON:JET2) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Jet2 plc (LON:JET2) have earned an average rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 1,851.17.

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating on the stock in a research report on Friday, March 20th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,100 price objective on shares of Jet2 in a research report on Monday. Finally, JPMorgan Chase & Co. downgraded Jet2 to a “neutral” rating and lowered their price objective for the stock from GBX 1,850 to GBX 1,450 in a research note on Monday, December 1st.

Jet2 Stock Performance

Shares of LON JET2 opened at GBX 1,103 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 1.40 and a debt-to-equity ratio of 61.57. The firm’s 50-day moving average price is GBX 1,221.57 and its two-hundred day moving average price is GBX 1,321.67. Jet2 has a 52-week low of GBX 1,029 and a 52-week high of GBX 1,963. The stock has a market capitalization of £2.04 billion, a P/E ratio of 4.71, a P/E/G ratio of 9.34 and a beta of 1.24.

Key Stories Impacting Jet2

Here are the key news stories impacting Jet2 this week:

• Positive Sentiment: Jefferies reaffirmed a “buy” and set a GBX 2,100 price target, a bullish analyst signal that supports upside expectations for JET2. Jefferies rating
• Positive Sentiment: Management says UK holiday demand is shifting from Turkey to Majorca, which can boost bookings on Jet2’s popular Balearic routes and help revenue where capacity exists. Majorca demand shift
• Neutral Sentiment: The CEO is publicly warning Majorca hoteliers not to “get greedy” on pricing — intended to protect demand and relationships but could limit ancillary revenue upside if pricing is constrained. Hoteliers warning
• Neutral Sentiment: Company statements updating customers on Turkey and Cyprus travel show active communication; helpful for reputation but impact on near-term bookings is mixed. Turkey/Cyprus update
• Negative Sentiment: Jet2 reports a drop in Cyprus bookings as the Iran conflict shifts traveler patterns away from that destination, directly reducing revenue on those routes. Cyprus bookings fall
• Negative Sentiment: Deutsche Bank cut its price target to GBX 1,457, a negative analyst move that likely weighs on sentiment and share price momentum. Deutsche Bank cut

Insider Activity

In other news, insider Stephen Heapy purchased 2,349 shares of Jet2 stock in a transaction dated Monday, March 2nd. The stock was bought at an average price of GBX 766 per share, with a total value of £17,993.34. Also, insider Gary Brown purchased 2,349 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average price of GBX 766 per share, with a total value of £17,993.34. Over the last quarter, insiders bought 6,336 shares of company stock valued at $5,737,896. 21.96% of the stock is currently owned by company 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.