Jet2 plc (LON:JET2) Receives GBX 1,917.83 Average Price Target from Analysts

Shares of Jet2 plc (LON:JET2) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,917.83.

JET2 has been the topic of a number of analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a GBX 2,250 price objective on shares of Jet2 in a report on Wednesday, November 12th. JPMorgan Chase & Co. downgraded shares of Jet2 to a “neutral” rating and lowered their target price for the stock from GBX 1,850 to GBX 1,450 in a research note on Monday, December 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,150 target price on shares of Jet2 in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft cut their price target on Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 1,700 price target on shares of Jet2 in a report on Thursday, November 20th.

Jet2 Stock Down 0.9%

Jet2 stock traded down GBX 11 during trading on Friday, reaching GBX 1,166. The stock had a trading volume of 782,259 shares, compared to its average volume of 2,050,464. Jet2 has a 52-week low of GBX 1,088 and a 52-week high of GBX 1,963. The business has a 50 day moving average price of GBX 1,291.27 and a 200 day moving average price of GBX 1,366.22. 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 cap of £2.17 billion, a PE ratio of 4.98, a P/E/G ratio of 9.34 and a beta of 1.24.

Insider Transactions at Jet2

In other Jet2 news, insider Gary Brown purchased 2,349 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average cost of GBX 766 per share, with a total value of £17,993.34. Also, insider Stephen Heapy purchased 2,349 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was bought at an average price of GBX 766 per share, for a total transaction of £17,993.34. In the last 90 days, insiders have acquired 6,336 shares of company stock valued at $5,737,896. Corporate insiders own 21.79% of the company’s stock.

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.