Jet2 (LON:JET2) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Jet2 (LON:JET2) had its price target increased by research analysts at Canaccord Genuity Group from GBX 2,200 ($29.89) to GBX 2,325 ($31.59) in a research note issued on Wednesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 39.99% from the stock’s current price.

Jet2 Stock Performance

JET2 stock opened at GBX 1,660.86 ($22.56) on Wednesday. The firm has a market cap of £3.54 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 9.34 and a beta of 2.27. The firm has a 50-day simple moving average of GBX 1,791.54 and a two-hundred day simple moving average of GBX 1,545.18. Jet2 has a one year low of GBX 1,088 ($14.78) and a one year high of GBX 1,963 ($26.67). The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36.

Jet2 (LON:JET2) last released its quarterly earnings results on Wednesday, July 9th. The company reported GBX 213.10 ($2.89) EPS for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. On average, equities analysts forecast that Jet2 will post 170.9134615 EPS for the current fiscal year.

Jet2 Company Profile

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.