Jet2 (LON:JET2 – Get Free Report) had its target price hoisted by equities researchers at Royal Bank Of Canada from GBX 1,800 to GBX 1,900 in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 31.76% from the stock’s current price.
JET2 has been the subject of several other reports. Canaccord Genuity Group dropped their target price on shares of Jet2 from GBX 1,900 to GBX 1,750 and set a “buy” rating for the company in a research report on Wednesday. UBS Group reiterated a “buy” rating and issued a GBX 1,660 price objective on shares of Jet2 in a report on Friday, July 3rd. JPMorgan Chase & Co. decreased their price target on Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating on the stock in a report on Friday, March 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,800 price objective on shares of Jet2 in a research report on Wednesday, April 29th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Jet2 presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,638.14.
View Our Latest Stock Report on Jet2
Jet2 Stock Down 1.7%
Jet2 (LON:JET2 – Get Free Report) last announced its quarterly earnings results on Wednesday, July 8th. The company reported GBX 211.20 earnings per share (EPS) for the quarter. Jet2 had a return on equity of 24.73% and a net margin of 6.11%. As a group, research analysts anticipate that Jet2 will post 170.9134615 EPS for the current year.
Jet2 declared that its board has initiated a share buyback program on Wednesday, July 8th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Jet2 News Roundup
Here are the key news stories impacting Jet2 this week:
- Positive Sentiment: Jet2 said summer bookings are improving, with demand rising as Middle East tensions ease and peace talks boost consumer confidence in travel demand. UK’s Jet2 says summer bookings rise 7% as Middle East tensions ease
- Positive Sentiment: The airline reported record revenues and record passenger numbers, signaling strong operational momentum and healthy trading into the summer season. Jet2 Reports Record Revenues, Sees Strong Summer Demand
- Positive Sentiment: Jet2 launched a £250 million share buyback programme, which can support earnings per share and signals management confidence in the business. Jet2 Launches £250 Million Share Buyback Programme
- Positive Sentiment: The company also highlighted expansion plans, including new routes and growth at Gatwick and other airports, which points to further capacity and revenue growth ahead. Jet2 Delivers Record Passenger Volumes and Unveils £250m Buyback Amid Gatwick Expansion
- Neutral Sentiment: Jet2 issued multiple travel updates and route announcements, reinforcing that bookings and customer activity remain active, but these were mostly informational and not material new financial news. Jet2 issues major Wednesday, July 8 bookings update
- Neutral Sentiment: Canaccord Genuity lowered its price target to GBX 1,750 from GBX 1,900, but kept a “buy” rating, so the note is mixed rather than clearly negative. Broker views
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.
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