Jet2’s (JET2) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Jet2 (LON:JET2) in a report released on Friday, Marketbeat reports. Jefferies Financial Group currently has a GBX 1,800 price target on the stock.

JET2 has been the subject of several other reports. UBS Group reaffirmed a “buy” rating and set a GBX 1,660 price objective on shares of Jet2 in a research note on Friday, July 3rd. Canaccord Genuity Group lifted their target price on Jet2 from GBX 1,750 to GBX 1,800 and gave the company a “buy” rating in a research note on Thursday. Finally, Royal Bank Of Canada boosted their target price on Jet2 from GBX 1,800 to GBX 1,900 and gave the company an “outperform” rating in a report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jet2 currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,616.57.

Jet2 Trading Up 1.7%

LON JET2 opened at GBX 1,534 on Friday. The firm’s fifty day moving average is GBX 1,490.22 and its two-hundred day moving average is GBX 1,291.91. Jet2 has a one year low of GBX 980 and a one year high of GBX 1,612. The company has a debt-to-equity ratio of 62.09, a quick ratio of 1.49 and a current ratio of 1.36. The firm has a market cap of £2.79 billion, a PE ratio of 7.37, a P/E/G ratio of 9.34 and a beta of 1.18.

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

Jet2 announced that its Board of Directors has authorized a stock buyback plan on Wednesday, July 8th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Jet2

In related news, insider Stephen Heapy sold 34,241 shares of the stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 1,475, for a total transaction of £505,054.75. Also, insider Gary Brown sold 26,143 shares of the stock in a transaction dated Friday, July 17th. The stock was sold at an average price of GBX 1,475, for a total transaction of £385,609.25. Over the last quarter, insiders have sold 87,558 shares of company stock worth $129,148,050. Company insiders own 22.48% of the company’s stock.

Jet2 News Roundup

Here are the key news stories impacting Jet2 this week:

• Positive Sentiment: Summer bookings rose 8.8% year over year, despite disruption linked to the Middle East, while Jet2 said late-booking demand is continuing into winter. The update suggests resilient customer demand and supports expectations for stronger revenue and earnings. Jet2 says summer bookings are up 8.8% and it is on track for a stronger winter
• Positive Sentiment: Jet2 plans to transfer its listing to the London Stock Exchange’s Main Market. The move could improve the company’s profile, broaden institutional investor access and increase trading liquidity. Jet2 announces move to Main Market of London Stock Exchange
• Positive Sentiment: Analyst support remains favorable. Jefferies reaffirmed its “buy” rating with a GBX 1,800 target, while Canaccord raised its target to GBX 1,800 from GBX 1,750. These targets imply further upside based on the supplied trading level. Deutsche Bank retained a more cautious “hold” view with a GBX 1,256 target.
• Positive Sentiment: The company is expanding its summer 2027 programme from nine UK airports, including additional flights from Edinburgh and Glasgow. More capacity may allow Jet2 to capture continued holiday demand and strengthen its competitive position. Jet2 expands summer 2027 programme from nine UK airports
• Neutral Sentiment: Jet2 is increasing fuel hedging after solid bookings. This reduces exposure to fuel-price volatility but may limit the benefit if fuel prices fall. UK’s Jet2 boosts fuel hedging after solid summer bookings
• Neutral Sentiment: Short-term promotions, including a reported 1p holiday offer, could stimulate bookings but may pressure margins if heavily used. Jet2 introduces 1p rule for holidays

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.