Jet2’s (JET2) “Outperform” Rating Reiterated at Royal Bank of Canada

Jet2 (LON:JET2)‘s stock had its “outperform” rating reissued by analysts at Royal Bank of Canada in a research report issued on Friday, Marketbeat.com reports. They presently have a GBX 1,950 ($24.68) price objective on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 37.03% from the stock’s previous close.

A number of other brokerages have also weighed in on JET2. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,800 ($22.78) price objective on shares of Jet2 in a report on Friday, February 16th. Canaccord Genuity Group boosted their target price on shares of Jet2 from GBX 1,850 ($23.41) to GBX 1,900 ($24.05) and gave the company a “buy” rating in a research note on Thursday, February 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 1,850 ($23.41).

Jet2 Price Performance

Shares of LON JET2 opened at GBX 1,423 ($18.01) on Friday. Jet2 has a twelve month low of GBX 960 ($12.15) and a twelve month high of GBX 1,568 ($19.85). The firm has a market cap of £3.05 billion, a P/E ratio of 781.87, a PEG ratio of 9.34 and a beta of 2.26. The company has a 50 day moving average of GBX 1,404.50 and a 200 day moving average of GBX 1,254.72. The company has a quick ratio of 1.49, a current ratio of 1.62 and a debt-to-equity ratio of 87.09.

Jet2 Company Profile

Jet2 plc, together with its subsidiaries, engages in the leisure travel business primarily in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the package holiday and non-ticket retail activities, as well as passenger and charter aircraft operations.