Jet2 plc (LON:JET2) Receives GBX 1,917.83 Average Price Target from Analysts

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

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,150 price target on shares of Jet2 in a research note on Monday, November 24th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,100 target price on shares of Jet2 in a report on Thursday, November 20th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 2,250 target price on shares of Jet2 in a research report on Wednesday, November 12th. Panmure Gordon reissued a “buy” rating and set a GBX 1,700 price target on shares of Jet2 in a research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. downgraded shares of Jet2 to a “neutral” rating and reduced their price objective for the stock from GBX 1,850 to GBX 1,450 in a research note on Monday, December 1st.

Jet2 Stock Performance

JET2 opened at GBX 1,260 on Tuesday. The company has a market capitalization of £2.35 billion, a price-to-earnings ratio of 5.38, a P/E/G ratio of 9.34 and a beta of 2.27. The business’s 50-day moving average price is GBX 1,342.62 and its two-hundred day moving average price is GBX 1,422.06. Jet2 has a 1 year low of GBX 1,088 and a 1 year high of GBX 1,963. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49.

Jet2 (LON:JET2) last posted its quarterly earnings data on Wednesday, November 19th. The company reported GBX 300.40 earnings per share for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. Equities analysts expect 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.