Jet2 plc (LON:JET2) Given Consensus Recommendation of “Moderate Buy” by Analysts

Jet2 plc (LON:JET2) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 1,917.83.

A number of research analysts have recently commented on JET2 shares. Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,150 price target on shares of Jet2 in a research report on Monday, November 24th. Panmure Gordon restated a “buy” rating and set a GBX 1,700 target price on shares of Jet2 in a research report on Thursday, November 20th. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,100 target price on shares of Jet2 in a research note on Thursday, November 20th. JPMorgan Chase & Co. downgraded Jet2 to a “neutral” rating and dropped their price target for the company from GBX 1,850 to GBX 1,450 in a research report on Monday, December 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating for the company in a report on Wednesday, November 19th.

Insider Activity at Jet2

In related news, insider Rachel Kentleton purchased 1,638 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were purchased at an average price of GBX 1,306 per share, with a total value of £21,392.28. 21.79% of the stock is owned by insiders.

Jet2 Trading Down 2.3%

LON:JET2 opened at GBX 1,256 on Friday. The firm’s fifty day moving average is GBX 1,312.39 and its 200-day moving average is GBX 1,381.34. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36. The firm has a market cap of £2.34 billion, a P/E ratio of 5.36, a P/E/G ratio of 9.34 and a beta of 2.27. Jet2 has a 52 week low of GBX 1,088 and a 52 week high of GBX 1,963.

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.