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

Shares of Jet2 plc (LON:JET2) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 1,642.83.

JET2 has been the topic of several analyst reports. Royal Bank Of Canada lowered their target price on Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft decreased their target price on Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating on the stock in a research report on Friday, March 20th. JPMorgan Chase & Co. reduced their price objective 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. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,800 price objective on shares of Jet2 in a research note on Wednesday, April 29th. Finally, Canaccord Genuity Group downgraded Jet2 to a “buy” rating and reduced their price target for the stock from GBX 2,350 to GBX 1,900 in a report on Wednesday, April 29th.

Jet2 Price Performance

LON JET2 opened at GBX 1,248.92 on Monday. The company has a market capitalization of £2.26 billion, a PE ratio of 5.33, a price-to-earnings-growth ratio of 9.34 and a beta of 1.15. The company has a debt-to-equity ratio of 61.57, a quick ratio of 1.49 and a current ratio of 1.40. The business’s fifty day moving average is GBX 1,150.15 and its 200 day moving average is GBX 1,241.48. Jet2 has a fifty-two week low of GBX 980 and a fifty-two week high of GBX 1,963.

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.