Jet2 (LON:JET2) Stock Price Up 2% – What’s Next?

Jet2 plc (LON:JET2Get Free Report) shares rose 2% on Thursday . The stock traded as high as GBX 1,277 and last traded at GBX 1,261. Approximately 495,892 shares changed hands during trading, a decline of 83% from the average daily volume of 2,852,963 shares. The stock had previously closed at GBX 1,236.

Analyst Upgrades and Downgrades

JET2 has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Canaccord Genuity Group downgraded Jet2 to a “buy” rating and cut their price target for the stock from GBX 2,350 to GBX 1,900 in a research report on Wednesday, April 29th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,800 target price on shares of Jet2 in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft lowered 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 research note on Friday, March 20th. Finally, Royal Bank Of Canada decreased their price target on shares of Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,642.83.

Read Our Latest Stock Report on Jet2

Jet2 Price Performance

The company has a current ratio of 1.40, a quick ratio of 1.49 and a debt-to-equity ratio of 61.57. The company’s fifty day moving average is GBX 1,150.15 and its two-hundred day moving average is GBX 1,241.96. The stock has a market cap of £2.29 billion, a price-to-earnings ratio of 5.41, a P/E/G ratio of 9.34 and a beta of 1.15.

About Jet2

(Get Free Report)

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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