Jet2 (LON:JET2) Lowered to “Neutral” Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Jet2 (LON:JET2) to a neutral rating in a research note published on Monday,Digital Look reports. They currently have GBX 1,450 price target on the stock, down from their previous price target of GBX 1,850.

Other analysts also recently issued research reports about the stock. Panmure Gordon restated a “buy” rating and set a GBX 1,700 price target on shares of Jet2 in a report on Thursday, November 20th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 2,250 target price on shares of Jet2 in a research note on Wednesday, November 12th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,150 target price on shares of Jet2 in a research report on Monday, November 24th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,100 price target on shares of Jet2 in a report on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Jet2 has an average rating of “Moderate Buy” and a consensus price target of GBX 1,917.83.

Jet2 Trading Down 3.1%

Shares of JET2 traded down GBX 43 during midday trading on Monday, reaching GBX 1,341. The company had a trading volume of 493,416 shares, compared to its average volume of 1,172,349. Jet2 has a 1-year low of GBX 1,088 and a 1-year high of GBX 1,963. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30. The firm has a 50 day simple moving average of GBX 1,357.73 and a 200-day simple moving average of GBX 1,570.82. The stock has a market cap of £2.53 billion, a PE ratio of 6.47, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27.

Jet2 (LON:JET2) last announced its quarterly earnings data on Wednesday, November 19th. The company reported GBX 300.40 earnings per share (EPS) for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. Research analysts forecast that Jet2 will post 170.9134615 EPS for the current fiscal year.

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.