Jet2 (LON:JET2) Trading 2% Higher – Here’s What Happened

Jet2 plc (LON:JET2)’s stock price was up 2% during mid-day trading on Thursday . The company traded as high as GBX 1,277 and last traded at GBX 1,261. Approximately 495,892 shares were traded during trading, a decline of 83% from the average daily volume of 2,852,963 shares. The stock had previously closed at GBX 1,236.

Key Jet2 News

Here are the key news stories impacting Jet2 this week:

• Positive Sentiment: Jet2 unveiled dozens of new routes to popular summer destinations, which could support future bookings and revenue growth. Jet2 unveils dozens of new routes to popular summer destinations
• Neutral Sentiment: The company issued multiple travel and transfer updates for passengers, including pick-up time guidance and confirmation of booking/document timelines; these look like customer-service notices rather than material business changes. Jet2 issues ‘pick-up time’ update for passengers with transfers Jet2 shares ‘transfer’ update for passengers with package holidays
• Neutral Sentiment: Jet2 confirmed booking and holiday-document timing rules, including the “72-hour rule” and a 14-day document process, which mainly reflects ongoing booking administration. Jet2 confirms ’72-hour rule’ for package holiday bookings Jet2 ’14 day’ rule now in force as passengers told ‘make check 24 hours before flight’ Jet2 says new 14 day rule ‘genuine’ as holiday companies contact people with flights booked
• Neutral Sentiment: Jet2 also issued travel warnings for passengers heading to Portugal and another European country, plus broader Tuesday travel advisories; these are operational notices and do not by themselves signal a financial issue. Jet2 issues travel warning to UK holidaymakers heading to Portugal this week Jet2 issues warning to Brits travelling to 1 European country this week Jet2, easyJet, TUI and Ryanair passengers issued major Tuesday travel update
• Neutral Sentiment: A Jet2 flight aborted landing in Lanzarote, but this appears to be an isolated safety/operational incident rather than a broader company-specific problem. Dramatic footage shows Jet2 flight from UK abort landing in Lanzarote

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on JET2 shares. JPMorgan Chase & Co. decreased their target price on Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,800 target price on shares of Jet2 in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft decreased their target price on Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating for the company in a research report on Friday, March 20th. Canaccord Genuity Group downgraded Jet2 to a “buy” rating and decreased their target price for the stock from GBX 2,350 to GBX 1,900 in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada decreased their target price on Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,642.83.

Jet2 Price Performance

The company has a 50-day moving average price of GBX 1,147.19 and a two-hundred day moving average price of GBX 1,241.79. The company has a debt-to-equity ratio of 61.57, a current ratio of 1.40 and a quick ratio of 1.49. The company has a market cap of £2.28 billion, a PE ratio of 5.38, a P/E/G ratio of 9.34 and a beta of 1.15.

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.