Jet2 plc (LON:JET2) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Jet2 plc (LON:JET2) has been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 1,642.83.

JET2 has been the topic of several research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,800 price objective on shares of Jet2 in a research report on Wednesday, April 29th. JPMorgan Chase & Co. lowered their price target on shares of Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Royal Bank Of Canada lowered their price target on shares of Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Canaccord Genuity Group lowered shares of Jet2 to a “buy” rating and lowered their price target for the company from GBX 2,350 to GBX 1,900 in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of 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.

Jet2 Stock Performance

Shares of JET2 stock opened at GBX 1,094.67 on Thursday. The firm has a market cap of £1.98 billion, a price-to-earnings ratio of 4.67, a P/E/G ratio of 9.34 and a beta of 1.22. The company has a debt-to-equity ratio of 61.57, a quick ratio of 1.49 and a current ratio of 1.40. Jet2 has a 52 week low of GBX 980 and a 52 week high of GBX 1,963. The firm’s 50-day simple moving average is GBX 1,140.44 and its two-hundred day simple moving average is GBX 1,261.70.

Insider Activity

In other Jet2 news, insider Rachel Kentleton purchased 1,638 shares of the stock in a transaction dated Wednesday, February 18th. The shares were bought at an average price of GBX 1,306 per share, with a total value of £21,392.28. Also, insider Gary Brown purchased 2,349 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of GBX 766 per share, for a total transaction of £17,993.34. Insiders have acquired a total of 6,336 shares of company stock valued at $5,737,896 over the last quarter. Company insiders own 21.50% of the company’s stock.

About Jet2

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.