Jet2 plc (LON:JET2) Receives GBX 1,642.83 Average Price Target from Analysts

Shares of Jet2 plc (LON:JET2) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 1,642.83.

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating on the stock in a report on Friday, March 20th. Canaccord Genuity Group lowered shares of Jet2 to a “buy” rating and cut their price target for the company from GBX 2,350 to GBX 1,900 in a report on Wednesday, April 29th. Royal Bank Of Canada cut their price target on shares of Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. cut their price target on shares of Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,800 price target on shares of Jet2 in a report on Wednesday, April 29th.

Jet2 Stock Up 0.6%

JET2 stock opened at GBX 1,085 on Thursday. Jet2 has a 52-week low of GBX 980 and a 52-week high of GBX 1,963. The company’s 50 day simple moving average is GBX 1,134.10 and its 200-day simple moving average is GBX 1,256.40. The company has a debt-to-equity ratio of 61.57, a current ratio of 1.40 and a quick ratio of 1.49. The firm has a market capitalization of £1.96 billion, a P/E ratio of 4.63, a P/E/G ratio of 9.34 and a beta of 1.22.

Insider Activity

In other news, insider Gary Brown purchased 2,349 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average price of GBX 766 per share, for a total transaction of £17,993.34. Also, insider Rachel Kentleton purchased 1,638 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were purchased at an average price of GBX 1,306 per share, for a total transaction of £21,392.28. Insiders have bought 6,336 shares of company stock worth $5,737,896 over the last 90 days. 21.50% of the stock is owned by company insiders.

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.