Jet2 (LON:JET2) Price Target Raised to GBX 1,800

Jet2 (LON:JET2) had its price objective increased by Canaccord Genuity Group from GBX 1,750 to GBX 1,800 in a report released on Thursday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. UBS Group reaffirmed a “buy” rating and issued a GBX 1,660 target price on shares of Jet2 in a report on Friday, July 3rd. Royal Bank Of Canada lifted their price target on Jet2 from GBX 1,800 to GBX 1,900 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Jet2 presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,616.57.

Jet2 Trading Up 1.7%

LON JET2 opened at GBX 1,534 on Thursday. The company has a market capitalization of £2.76 billion, a PE ratio of 7.37, a P/E/G ratio of 9.34 and a beta of 1.18. Jet2 has a 12 month low of GBX 980 and a 12 month high of GBX 1,612. The stock has a 50-day simple moving average of GBX 1,490.22 and a 200 day simple moving average of GBX 1,291.90. The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 62.09.

Jet2 (LON:JET2) last announced its quarterly earnings results on Wednesday, July 8th. The company reported GBX 211.20 EPS for the quarter. Jet2 had a net margin of 5.49% and a return on equity of 19.92%. Research analysts forecast that Jet2 will post 170.9134615 EPS for the current year.

Jet2 declared that its Board of Directors has authorized a share buyback program on Wednesday, July 8th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity at Jet2

In related news, insider Stephen Heapy sold 15,409 shares of the business’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 1,475, for a total value of £227,282.75. Also, insider Gary Brown sold 11,765 shares of the business’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of GBX 1,475, for a total value of £173,533.75. Over the last three months, insiders have sold 87,558 shares of company stock valued at $129,148,050. 22.58% of the stock is currently owned by insiders.

Trending Headlines about Jet2

Here are the key news stories impacting Jet2 this week:

• Positive Sentiment: Summer bookings rose 8.8% year over year, despite disruption linked to the Middle East, while Jet2 said late-booking demand is continuing into winter. The update suggests resilient customer demand and supports expectations for stronger revenue and earnings. Jet2 says summer bookings are up 8.8% and it is on track for a stronger winter
• Positive Sentiment: Jet2 plans to transfer its listing to the London Stock Exchange’s Main Market. The move could improve the company’s profile, broaden institutional investor access and increase trading liquidity. Jet2 announces move to Main Market of London Stock Exchange
• Positive Sentiment: Analyst support remains favorable. Jefferies reaffirmed its “buy” rating with a GBX 1,800 target, while Canaccord raised its target to GBX 1,800 from GBX 1,750. These targets imply further upside based on the supplied trading level. Deutsche Bank retained a more cautious “hold” view with a GBX 1,256 target.
• Positive Sentiment: The company is expanding its summer 2027 programme from nine UK airports, including additional flights from Edinburgh and Glasgow. More capacity may allow Jet2 to capture continued holiday demand and strengthen its competitive position. Jet2 expands summer 2027 programme from nine UK airports
• Neutral Sentiment: Jet2 is increasing fuel hedging after solid bookings. This reduces exposure to fuel-price volatility but may limit the benefit if fuel prices fall. UK’s Jet2 boosts fuel hedging after solid summer bookings
• Neutral Sentiment: Short-term promotions, including a reported 1p holiday offer, could stimulate bookings but may pressure margins if heavily used. Jet2 introduces 1p rule for holidays

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.