Jet2 plc (LON:JET2) Stock Has Average Target Price of GBX 1,616.57

Jet2 plc (LON:JET2) has received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,616.57.

JET2 has been the topic of several recent research reports. Canaccord Genuity Group increased their price objective on shares of Jet2 from GBX 1,750 to GBX 1,800 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,256 price objective on shares of Jet2 in a report on Friday, September 4th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,800 target price on shares of Jet2 in a research report on Friday, September 4th.

Jet2 Trading Up 1.3%

Jet2 stock opened at GBX 1,541 on Thursday. The business has a 50-day simple moving average of GBX 1,436.78 and a two-hundred day simple moving average of GBX 1,320.77. The company has a market cap of £2.74 billion, a P/E ratio of 7.40, a P/E/G ratio of 9.34 and a beta of 1.23. Jet2 has a 52-week low of GBX 980 and a 52-week high of GBX 1,612. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 62.09.

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.