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

Jet2 plc (LON:JET2) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 1,917.83.

A number of brokerages have issued reports on JET2. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 2,250 price target on shares of Jet2 in a research report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Panmure Gordon reissued a “buy” rating and set a GBX 1,700 target price on shares of Jet2 in a research note on Thursday, November 20th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,150 price target on shares of Jet2 in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. lowered shares of Jet2 to a “neutral” rating and reduced their price target for the stock from GBX 1,850 to GBX 1,450 in a research note on Monday, December 1st.

Jet2 Price Performance

Shares of LON:JET2 opened at GBX 1,301.10 on Friday. The company has a market cap of £2.44 billion, a PE ratio of 5.56, a P/E/G ratio of 9.34 and a beta of 2.27. Jet2 has a fifty-two week low of GBX 1,088 and a fifty-two week high of GBX 1,963. The firm has a 50-day simple moving average of GBX 1,368.20 and a 200 day simple moving average of GBX 1,471.33. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30.

Jet2 (LON:JET2) last issued its earnings results on Wednesday, November 19th. The company reported GBX 300.40 EPS for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. On average, sell-side analysts anticipate that Jet2 will post 170.9134615 EPS for the current 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.