Royal Bank of Canada Reiterates “Outperform” Rating for Jet2 (LON:JET2)

Jet2 (LON:JET2)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank of Canada in a report issued on Friday, Marketbeat.com reports. They currently have a GBX 1,950 ($24.68) price objective on the stock. Royal Bank of Canada’s price objective points to a potential upside of 37.03% from the stock’s previous close.

Several other equities analysts have also weighed in on JET2. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,800 ($22.78) price objective on shares of Jet2 in a report on Friday, February 16th. Canaccord Genuity Group increased their price objective on Jet2 from GBX 1,850 ($23.41) to GBX 1,900 ($24.05) and gave the company a “buy” rating in a report on Thursday, February 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 1,850 ($23.41).

Jet2 Stock Performance

Shares of JET2 opened at GBX 1,423 ($18.01) on Friday. The company has a current ratio of 1.62, a quick ratio of 1.49 and a debt-to-equity ratio of 87.09. The company has a market capitalization of £3.05 billion, a price-to-earnings ratio of 781.87, a PEG ratio of 9.34 and a beta of 2.26. The stock has a 50 day moving average of GBX 1,404.50 and a 200 day moving average of GBX 1,254.72. Jet2 has a 12 month low of GBX 960 ($12.15) and a 12 month high of GBX 1,568 ($19.85).

Jet2 Company Profile

Jet2 plc, together with its subsidiaries, engages in the leisure travel business primarily in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the package holiday and non-ticket retail activities, as well as passenger and charter aircraft operations.