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

Shares of Jet2 plc (LON:JET2) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 1,642.83.

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

Jet2 Price Performance

Shares of Jet2 stock opened at GBX 1,248.92 on Monday. The business’s 50-day moving average price is GBX 1,150.15 and its 200-day moving average price is GBX 1,241.48. The company has a current ratio of 1.40, a quick ratio of 1.49 and a debt-to-equity ratio of 61.57. Jet2 has a 12 month low of GBX 980 and a 12 month high of GBX 1,963. The firm has a market capitalization of £2.26 billion, a PE ratio of 5.33, a price-to-earnings-growth ratio of 9.34 and a beta of 1.15.

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.