JPMorgan Chase & Co. Reaffirms “Overweight” Rating for Jet2 (LON:JET2)

Jet2 (LON:JET2)‘s stock had its “overweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, Marketbeat reports.

Several other equities research analysts have also commented on the stock. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,200 ($29.53) target price on shares of Jet2 in a research report on Thursday, July 10th. Canaccord Genuity Group upped their target price on shares of Jet2 from GBX 2,200 ($29.53) to GBX 2,325 ($31.21) and gave the company a “buy” rating in a report on Wednesday, July 9th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 2,240 ($30.07).

Jet2 Stock Up 0.6%

Shares of LON:JET2 opened at GBX 1,661.20 ($22.30) on Friday. The firm’s 50 day moving average price is GBX 1,790.60 and its 200 day moving average price is GBX 1,549.19. The stock has a market cap of £3.55 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. Jet2 has a fifty-two week low of GBX 1,088 ($14.60) and a fifty-two week high of GBX 1,963 ($26.35). The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30.

Jet2 (LON:JET2) last announced its earnings results on Wednesday, July 9th. The company reported GBX 213.10 ($2.86) EPS for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. As a group, equities research analysts predict that Jet2 will post 170.9134615 earnings per share for the current fiscal year.

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.