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

Shares of Jet2 plc (LON:JET2) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 1,616.57.

A number of research firms recently issued reports on JET2. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,256 price target on shares of Jet2 in a research note on Friday, September 4th. Royal Bank Of Canada boosted their target price on shares of Jet2 from GBX 1,800 to GBX 1,900 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Canaccord Genuity Group boosted their target price on shares of Jet2 from GBX 1,750 to GBX 1,800 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Jefferies Financial Group restated a “buy” rating and set a GBX 1,800 target price on shares of Jet2 in a research report on Friday, September 4th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 1,660 price target on shares of Jet2 in a report on Friday, July 3rd.

Insider Buying and Selling

In other news, insider Gary Brown sold 11,765 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of GBX 1,475, for a total value of £173,533.75. Also, insider Stephen Heapy sold 15,409 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 1,475, for a total value of £227,282.75. Over the last 90 days, insiders have sold 87,558 shares of company stock worth $129,148,050. Company insiders own 22.48% of the company’s stock.

Jet2 Stock Up 0.5%

Shares of JET2 opened at GBX 1,407 on Wednesday. The stock has a market capitalization of £2.56 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 9.34 and a beta of 1.18. Jet2 has a 1 year low of GBX 980 and a 1 year high of GBX 1,612. The business’s 50 day simple moving average is GBX 1,508.93 and its 200-day simple moving average is GBX 1,304.33. The company has a debt-to-equity ratio of 62.09, a current ratio of 1.36 and a quick ratio of 1.49.

Jet2 (LON:JET2) last posted its earnings results on Wednesday, July 8th. The company reported GBX 211.20 EPS for the quarter. Jet2 had a return on equity of 19.92% and a net margin of 5.49%. As a group, equities analysts expect that Jet2 will post 170.9134615 earnings per share for the current fiscal year.

Jet2 announced that its Board of Directors has authorized a stock buyback program on Wednesday, July 8th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.