Jet2 plc (LON:JET2) Given Average Rating of “Moderate Buy” by Analysts

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

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

Jet2 Stock Performance

Shares of Jet2 stock opened at GBX 1,305 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.49 and a debt-to-equity ratio of 61.57. The company has a market cap of £2.36 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 9.34 and a beta of 1.18. The company has a 50 day moving average of GBX 1,201.08 and a 200-day moving average of GBX 1,233.57. Jet2 has a 1-year low of GBX 980 and a 1-year high of GBX 1,855.

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.