Analysts Set Jet2 plc (LON:JET2) Target Price at GBX 1,638.14

Jet2 plc (LON:JET2) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 1,638.14.

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Canaccord Genuity Group lowered their price objective on Jet2 from GBX 1,900 to GBX 1,750 and set a “buy” rating for the company in a research report on Wednesday, July 8th. UBS Group reiterated a “buy” rating and issued a GBX 1,660 target price on shares of Jet2 in a research note on Friday, July 3rd. Finally, Royal Bank Of Canada increased their target price on Jet2 from GBX 1,800 to GBX 1,900 and gave the stock an “outperform” rating in a research report on Thursday, July 9th.

Jet2 Stock Performance

LON:JET2 opened at GBX 1,528 on Friday. The company has a debt-to-equity ratio of 62.09, a current ratio of 1.36 and a quick ratio of 1.49. The firm has a market cap of £2.75 billion, a PE ratio of 7.34, a P/E/G ratio of 9.34 and a beta of 1.18. The firm has a 50 day simple moving average of GBX 1,472.24 and a 200-day simple moving average of GBX 1,282.79. Jet2 has a 1-year low of GBX 980 and a 1-year high of GBX 1,651.

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

Jet2 announced that its board has approved a stock repurchase plan on Wednesday, July 8th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Jet2 News Summary

Here are the key news stories impacting Jet2 this week:

• Positive Sentiment: Extra Glasgow capacity for Eurovision: Jet2 announced new flights from Glasgow to support demand around the 2027 Eurovision contest. The move should improve load-factor and ancillary-revenue opportunities, although the financial impact is likely to be modest relative to the group’s broader holiday business. Jet2 announces new Glasgow flights for 2027 Eurovision contest Jet2 gets on song with extra Eurovision flights
• Neutral Sentiment: Passenger safety and departure reminders: Jet2 reiterated checks passengers should make before flying and issued guidance on items including power banks, e-cigarettes and other prohibited articles. These communications may reduce disruption and compliance issues but are routine rather than a clear earnings catalyst. Jet2 issues new warning about power banks and e-cigarettes Jet2 boss tells passengers to make three checks before flying
• Negative Sentiment: Holiday-cancellation complaints: Multiple outlets highlighted a family’s reported disappointment after a Spain package holiday was cancelled following a passenger mistake. The incidents appear isolated and may have resulted from booking or travel-document issues, but such coverage could weigh modestly on customer sentiment and Jet2’s brand reputation. Mum left in tears after Jet2 holiday cancellation Jet2 customer warning about cancelled package holidays

Insider Activity

In related news, insider Gary Brown sold 26,143 shares of the business’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 £385,609.25. Also, insider Stephen Heapy sold 34,241 shares of the company’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 transaction of £505,054.75. Over the last quarter, insiders have sold 87,558 shares of company stock worth $129,148,050. Insiders own 22.58% of the company’s stock.

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.