Jet2 (LON:JET2) Trading 0.1% Higher – Here’s What Happened

Jet2 plc (LON:JET2) was up 0.1% during mid-day trading on Monday . The stock traded as high as GBX 1,431 and last traded at GBX 1,414.85. Approximately 533,236 shares changed hands during trading, a decline of 74% from the average daily volume of 2,012,978 shares. The stock had previously closed at GBX 1,413.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JET2. JPMorgan Chase & Co. cut Jet2 to a “neutral” rating and reduced their price target for the company from GBX 1,850 to GBX 1,450 in a report on Monday, December 1st. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 2,250 price target on shares of Jet2 in a research note on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,150 price target on shares of Jet2 in a research report on Monday, November 24th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 2,100 price target on shares of Jet2 in a report on Thursday, November 20th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jet2 currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,917.83.

Jet2 Trading Up 0.1%

The company has a market cap of £2.67 billion, a price-to-earnings ratio of 6.04, a PEG ratio of 9.34 and a beta of 2.27. 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 business’s 50-day simple moving average is GBX 1,361.31 and its 200-day simple moving average is GBX 1,490.97.

Jet2 (LON:JET2) last released its quarterly earnings results on Wednesday, November 19th. The company reported GBX 300.40 EPS for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. Research analysts predict that Jet2 plc 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.