Jet2 (LON:JET2) Trading Up 1.5% – Here’s Why

Jet2 plc (LON:JET2)’s share price was up 1.5% during mid-day trading on Friday . The company traded as high as GBX 1,263 and last traded at GBX 1,237. Approximately 1,157,248 shares were traded during trading, a decline of 37% from the average daily volume of 1,841,134 shares. The stock had previously closed at GBX 1,219.

Analysts Set New Price Targets

Several brokerages have recently commented on JET2. Panmure Gordon reiterated a “buy” rating and set a GBX 1,700 price target on shares of Jet2 in a research report on Thursday, November 20th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 2,250 price objective on shares of Jet2 in a research note on Wednesday, November 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,150 target price on shares of Jet2 in a report on Monday, November 24th. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,100 price target on shares of Jet2 in a research report on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,917.83.

Jet2 Trading Up 1.5%

The company’s fifty day simple moving average is GBX 1,353.74 and its two-hundred day simple moving average is GBX 1,431.78. The company has a market capitalization of £2.32 billion, a price-to-earnings ratio of 5.28, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. 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 quarterly earnings data 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%. Research analysts forecast that Jet2 plc will post 170.9134615 earnings per share for the current fiscal year.

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.