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

Jet2 (LON:JET2) had its price objective decreased by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 2,059 to GBX 1,857 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 39.77% from the stock’s current price.

Other research analysts also recently issued reports about the company. Panmure Gordon reaffirmed a “buy” rating and set a GBX 1,700 price target on shares of Jet2 in a report on Thursday. Royal Bank Of Canada decreased their target price on Jet2 from GBX 2,200 to GBX 2,150 and set an “outperform” rating for the company in a research report on Friday, September 5th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,100 target price on shares of Jet2 in a research note on Thursday. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 2,250 price target on shares of Jet2 in a research note on Wednesday, November 12th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 2,011.40.

Jet2 Trading Down 1.9%

LON:JET2 opened at GBX 1,328.58 on Wednesday. The stock has a market cap of £2.51 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 9.34 and a beta of 2.27. 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 company’s 50 day moving average price is GBX 1,361.03 and its 200-day moving average price is GBX 1,587.80. Jet2 has a 52 week low of GBX 1,088 and a 52 week high of GBX 1,963.

Jet2 (LON:JET2) last announced its quarterly earnings data on Wednesday, November 19th. The company reported GBX 300.40 earnings per share for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. On average, equities research analysts forecast 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.