Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Jet2 (LON:JET2) Stock Price

Jet2 (LON:JET2) had its target price reduced by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 2,150 to GBX 2,059 in a note issued to investors on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 41.41% from the company’s previous close.

JET2 has been the subject of a number of other research reports. Canaccord Genuity Group cut their price target on Jet2 from GBX 2,335 to GBX 2,250 and set a “buy” rating for the company in a research note on Thursday. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Jet2 in a report on Friday, July 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,200 price target on shares of Jet2 in a report on Thursday, July 10th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Jet2 presently has a consensus rating of “Buy” and an average price target of GBX 2,139.75.

Jet2 Stock Up 3.2%

Shares of LON:JET2 opened at GBX 1,456 on Thursday. The business has a fifty day simple moving average of GBX 1,653.53 and a 200 day simple moving average of GBX 1,577.22. Jet2 has a 12-month low of GBX 1,088 and a 12-month high of GBX 1,963. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30. The firm has a market cap of £3.02 billion, a P/E ratio of 702.70, a P/E/G ratio of 9.34 and a beta of 2.27.

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