Jet2 plc (LON:JET2 – Get Free Report) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 1,616.57.
Several analysts have recently issued reports on JET2 shares. Royal Bank Of Canada upped their target price on shares of Jet2 from GBX 1,800 to GBX 1,900 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,800 price target on shares of Jet2 in a research report on Friday, September 4th. Canaccord Genuity Group boosted their price objective on Jet2 from GBX 1,750 to GBX 1,800 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,256 price objective on shares of Jet2 in a research note on Friday, September 4th.
View Our Latest Research Report on Jet2
Jet2 Stock Performance
Shares of LON:JET2 opened at GBX 1,513.80 on Thursday. The firm has a fifty day simple moving average of GBX 1,438.77 and a two-hundred day simple moving average of GBX 1,317.40. Jet2 has a 52 week low of GBX 980 and a 52 week high of GBX 1,612. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 62.09. The stock has a market capitalization of £2.72 billion, a P/E ratio of 7.27, a PEG ratio of 9.34 and a beta of 1.23.
Jet2 announced that its board has initiated a stock repurchase plan on Wednesday, July 8th that authorizes the company to repurchase shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Share repurchase plans are usually a sign that the company’s management believes its stock is 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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