Jet2’s (JET2) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Jet2 (LON:JET2) in a research note issued to investors on Thursday, Marketbeat reports. They currently have a GBX 2,100 price objective on the stock.

A number of other brokerages have also commented on JET2. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Jet2 from GBX 2,150 to GBX 2,059 and set a “buy” rating for the company in a research note on Thursday, September 4th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 2,250 price objective on shares of Jet2 in a report on Wednesday, November 12th. Finally, Royal Bank Of Canada lowered their target price on shares of Jet2 from GBX 2,200 to GBX 2,150 and set an “outperform” rating on the stock in a report on Friday, September 5th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Jet2 currently has a consensus rating of “Buy” and a consensus target price of GBX 2,011.40.

Jet2 Stock Up 3.2%

Shares of LON:JET2 opened at GBX 1,360 on Thursday. The business’s 50 day simple moving average is GBX 1,358.83 and its two-hundred day simple moving average is GBX 1,585.06. The firm has a market cap of £2.57 billion, a P/E ratio of 6.56, a PEG ratio of 9.34 and a beta of 2.27. 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 has a 52-week low of GBX 1,088 and a 52-week high of GBX 1,963.

Jet2 (LON:JET2) last released its quarterly earnings data on Wednesday, November 19th. The company reported GBX 300.40 EPS for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. As a group, research analysts forecast that Jet2 will post 170.9134615 EPS 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.