Jet2 plc (LON:JET2) Stock Has Consensus Target Price of GBX 1,616.57

Shares of Jet2 plc (LON:JET2) have received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,616.57.

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

Jet2 Stock Up 2.8%

Shares of JET2 stock opened at GBX 1,513.80 on Thursday. The company’s fifty day simple moving average is GBX 1,438.77 and its two-hundred day simple moving average is GBX 1,317.40. Jet2 has a 52 week low of GBX 980 and a 52 week high of GBX 1,612. The stock has a market cap of £2.72 billion, a P/E ratio of 7.27, a PEG ratio of 9.34 and a beta of 1.23. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 62.09.

Jet2 announced that its Board of Directors has initiated a stock buyback program on Wednesday, July 8th that permits the company to buy back shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Share buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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.