Jet2’s (JET2) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Jet2 (LON:JET2) in a report released on Monday morning, MarketBeat Ratings reports. They currently have a GBX 2,150 price objective on the stock.

Several other analysts also recently weighed in on the company. Panmure Gordon reissued a “buy” rating and issued a GBX 1,700 target price on shares of Jet2 in a report on Thursday, November 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,100 price target on shares of Jet2 in a research report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft decreased their price objective on Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating for the company in a report on Wednesday, November 19th. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 2,250 target price on shares of Jet2 in a research report on Wednesday, November 12th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Jet2 presently has an average rating of “Buy” and an average target price of GBX 2,011.40.

Jet2 Trading Down 0.6%

LON JET2 opened at GBX 1,389 on Monday. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49. The firm’s fifty day moving average price is GBX 1,355.79 and its 200 day moving average price is GBX 1,578.73. The company has a market capitalization of £2.62 billion, a price-to-earnings ratio of 6.70, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. Jet2 has a 12 month low of GBX 1,088 and a 12 month high of GBX 1,963.

Jet2 (LON:JET2) last announced its quarterly earnings results on Wednesday, November 19th. The company reported GBX 300.40 earnings per share for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. On average, sell-side analysts expect that Jet2 will post 170.9134615 earnings per share for the current fiscal year.

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.