Brokerages Set Jet2 plc (LON:JET2) Target Price at GBX 1,642.83

Shares of Jet2 plc (LON:JET2) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,642.83.

A number of equities research analysts have commented on JET2 shares. JPMorgan Chase & Co. decreased their price objective on Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Canaccord Genuity Group downgraded Jet2 to a “buy” rating and cut their price target for the stock from GBX 2,350 to GBX 1,900 in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut their price target on Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating for the company in a research note on Friday, March 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,800 price target on shares of Jet2 in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada cut their price target on Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating for the company in a research note on Thursday, April 30th.

Key Headlines Impacting Jet2

Here are the key news stories impacting Jet2 this week:

• Positive Sentiment: Jet2 announced a major winter holiday update, which suggests continued demand and active planning for future bookings. Jet2 makes major winter holiday update in Thursday, June 11 statement
• Positive Sentiment: Jet2 launched a Leeds Bradford Airport programme covering 16 destinations, which points to network expansion and more travel options for customers. Jet2 launches Leeds Bradford Airport programme covering 16 exciting destinations
• Positive Sentiment: News that overnight trains are being added at a major UK airport could improve airport access for Jet2 passengers, potentially supporting bookings and travel convenience. Britain’s second-busiest airport gets overnight trains – and it’s good news for Jet2 & British Airways passengers
• Neutral Sentiment: Jet2 issued multiple airport and destination warnings for Canary Islands travel and baggage checks; these look like customer-service advisories rather than direct business impacts. Jet2 issues airport warning for the Canary Islands
• Neutral Sentiment: Travel disruption at Liverpool Airport and a plane diversion after a lightning strike may weigh on sentiment, but they appear to be isolated operational issues. Liverpool Airport delays hit Jet2, easyJet and Ryanair
• Negative Sentiment: Jet2 cut 20,000 seats from its winter programme at Belfast International Airport, which could indicate reduced capacity and softer demand on that route. Jet2 cut 20,000 seats from winter programme at Belfast International Airport

Jet2 Trading Up 4.5%

Shares of LON JET2 opened at GBX 1,288 on Monday. Jet2 has a one year low of GBX 980 and a one year high of GBX 1,900. The firm has a market capitalization of £2.33 billion, a PE ratio of 5.50, a PEG ratio of 9.34 and a beta of 1.18. The company has a current ratio of 1.40, a quick ratio of 1.49 and a debt-to-equity ratio of 61.57. The business has a 50-day moving average price of GBX 1,162.87 and a two-hundred day moving average price of GBX 1,239.37.

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.