Jet2 plc (LON:JET2) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Jet2 plc (LON:JET2Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 1,638.14.

Several analysts have recently commented on the stock. 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 research note on Thursday, July 9th. UBS Group reissued a “buy” rating and set a GBX 1,660 target price on shares of Jet2 in a research note on Friday, July 3rd. JPMorgan Chase & Co. reduced their price target on Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Canaccord Genuity Group decreased their price target on Jet2 from GBX 1,900 to GBX 1,750 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,800 price objective on shares of Jet2 in a report on Wednesday, April 29th.

Get Our Latest Analysis on Jet2

Jet2 Price Performance

Shares of LON JET2 opened at GBX 1,561 on Friday. The company has a debt-to-equity ratio of 62.09, a current ratio of 1.36 and a quick ratio of 1.49. The stock has a fifty day moving average price of GBX 1,462.98 and a 200 day moving average price of GBX 1,278.99. Jet2 has a 1-year low of GBX 980 and a 1-year high of GBX 1,651.78. The company has a market cap of £2.81 billion, a PE ratio of 7.50, a P/E/G ratio of 9.34 and a beta of 1.18.

Jet2 (LON:JET2Get Free Report) last posted its quarterly earnings data on Wednesday, July 8th. The company reported GBX 211.20 earnings per share for the quarter. Jet2 had a net margin of 5.49% and a return on equity of 19.92%. Sell-side analysts forecast that Jet2 will post 170.9134615 EPS for the current year.

Jet2 announced that its board has approved a share repurchase plan on Wednesday, July 8th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Jet2

In other Jet2 news, insider Stephen Heapy sold 15,409 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 1,475, for a total transaction of £227,282.75. Also, insider Gary Brown sold 11,765 shares of the company’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of GBX 1,475, for a total transaction of £173,533.75. Insiders have sold a total of 87,558 shares of company stock worth $129,148,050 over the last 90 days. Insiders own 22.58% of the company’s stock.

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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Analyst Recommendations for Jet2 (LON:JET2)

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