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

Jet2 plc (LON:JET2) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. One equities 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 target among brokers that have issued ratings on the stock in the last year is GBX 1,642.83.

Several research analysts have recently commented on JET2 shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating on the stock in a report on Friday, March 20th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,800 price target on shares of Jet2 in a research report on Wednesday, April 29th. JPMorgan Chase & Co. dropped their price objective on Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Royal Bank Of Canada dropped their price objective on Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating for the company in a report on Thursday, April 30th. Finally, Canaccord Genuity Group downgraded Jet2 to a “buy” rating and cut their target price for the company from GBX 2,350 to GBX 1,900 in a research report on Wednesday, April 29th.

Jet2 Price Performance

Shares of Jet2 stock opened at GBX 1,305 on Friday. 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 stock has a market capitalization of £2.36 billion, a price-to-earnings ratio of 5.57, a price-to-earnings-growth ratio of 9.34 and a beta of 1.18. Jet2 has a twelve month low of GBX 980 and a twelve month high of GBX 1,855. The company has a 50-day simple moving average of GBX 1,201.08 and a two-hundred day simple moving average of GBX 1,233.57.

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.