Shares of Jet2 plc (LON:JET2 – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six 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 1,638.14.
Several research analysts have commented on JET2 shares. JPMorgan Chase & Co. dropped their price objective on shares of 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. Royal Bank Of Canada raised their target price on shares of Jet2 from GBX 1,800 to GBX 1,900 and gave the stock an “outperform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating for the company in a research note on Friday, March 20th. Canaccord Genuity Group cut their price target on shares of Jet2 from GBX 1,900 to GBX 1,750 and set a “buy” rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,800 price target on shares of Jet2 in a report on Wednesday, April 29th.
Read Our Latest Stock Report on Jet2
Trending Headlines about Jet2
- Positive Sentiment: Jet2 announced a £250 million share buyback program, a move that signals confidence from management and can support earnings per share by reducing share count. Jet2 Launches 250 Million Share Buyback Programme
- Positive Sentiment: Jet2 also reported record passenger volumes and record revenues, while highlighting strong summer demand and continued booking momentum, which points to healthy near-term trading conditions. Jet2 Delivers Record Passenger Volumes and Unveils 250m Buyback Amid Gatwick Expansion
- Positive Sentiment: The company said summer bookings rose 7% as Middle East tensions eased, suggesting demand has improved as geopolitical uncertainty has moderated. UK’s Jet2 says summer bookings rise 7% as Middle East tensions ease
- Positive Sentiment: Royal Bank of Canada raised its price target on Jet2 to GBX 1,900 and kept an outperform rating, reinforcing the view that the shares still have upside. Digital Look broker update
- Neutral Sentiment: Jet2 issued travel and booking updates for passengers and warned about disruption at a European airport this weekend; these appear operational in nature and are not clearly material to earnings on their own. Jet2 issues travel warning for European airport this weekend
- Neutral Sentiment: Canaccord Genuity trimmed its price target to GBX 1,750 but retained a buy rating, which is still supportive even though the target was reduced. Digital Look broker update
- Negative Sentiment: The share price may be reacting to profit-taking after a sharp run-up, as several headlines have already pointed to a strong move on improved bookings and results, leaving less room for immediate upside.
Jet2 Price Performance
Shares of Jet2 stock opened at GBX 1,486.36 on Friday. The stock has a market cap of £2.69 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 9.34 and a beta of 1.46. The company has a debt-to-equity ratio of 14.00, a quick ratio of 1.49 and a current ratio of 1.36. The stock has a 50 day moving average price of GBX 1,227.38 and a 200-day moving average price of GBX 1,233.12. Jet2 has a one year low of GBX 980 and a one year high of GBX 1,748.
Jet2 (LON:JET2 – Get Free Report) last released its earnings results on Wednesday, July 8th. The company reported GBX 211.20 earnings per share for the quarter. Jet2 had a return on equity of 19.92% and a net margin of 5.49%. Equities analysts expect that Jet2 will post 170.9134615 EPS for the current year.
Jet2 declared that its Board of Directors has initiated a stock buyback plan on Wednesday, July 8th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are 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.
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