Canaccord Genuity Group Has Lowered Expectations for Jet2 (LON:JET2) Stock Price

Jet2 (LON:JET2) had its price target lowered by equities researchers at Canaccord Genuity Group from GBX 2,335 to GBX 2,250 in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 54.53% from the company’s current price.

JET2 has been the subject of a number of other reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Jet2 in a research report on Friday, July 18th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,200 target price on shares of Jet2 in a research report on Thursday, July 10th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 2,139.75.

Jet2 Trading Up 3.2%

Jet2 stock opened at GBX 1,456 on Thursday. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49. The stock has a market cap of £3.02 billion, a P/E ratio of 702.70, a PEG ratio of 9.34 and a beta of 2.27. Jet2 has a 1 year low of GBX 1,088 and a 1 year high of GBX 1,963. The firm’s 50 day moving average price is GBX 1,653.53 and its 200-day moving average price is GBX 1,577.22.

Jet2 (LON:JET2) last posted its earnings results on Wednesday, July 9th. The company reported GBX 213.10 EPS for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. On average, equities analysts predict that Jet2 will post 170.9134615 earnings per share 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.