Deutsche Bank Aktiengesellschaft Lowers Jet2 (LON:JET2) Price Target to GBX 1,457

Jet2 (LON:JET2) had its target price cut by Deutsche Bank Aktiengesellschaft from GBX 1,596 to GBX 1,457 in a report released on Friday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 35.79% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Panmure Gordon reiterated a “buy” rating and set a GBX 1,700 price objective on shares of Jet2 in a research note on Thursday, November 20th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,100 target price on shares of Jet2 in a research report on Thursday, November 20th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 2,150 target price on shares of Jet2 in a research note on Monday, November 24th. Finally, JPMorgan Chase & Co. cut Jet2 to a “neutral” rating and lowered their price target for the stock from GBX 1,850 to GBX 1,450 in a research report on Monday, December 1st. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,851.17.

Jet2 Stock Up 2.2%

JET2 stock opened at GBX 1,073 on Friday. The firm has a market cap of £1.98 billion, a PE ratio of 4.58, a price-to-earnings-growth ratio of 9.34 and a beta of 1.24. Jet2 has a twelve month low of GBX 1,050 and a twelve month high of GBX 1,963. The company has a quick ratio of 1.49, a current ratio of 1.40 and a debt-to-equity ratio of 61.57. The business has a 50 day moving average of GBX 1,231.03 and a 200 day moving average of GBX 1,327.98.

Insider Activity at Jet2

In related news, insider Rachel Kentleton purchased 1,638 shares of Jet2 stock in a transaction that occurred on Wednesday, February 18th. The stock was bought at an average cost of GBX 1,306 per share, for a total transaction of £21,392.28. Also, insider Gary Brown acquired 2,349 shares of the stock in a transaction on Tuesday, March 3rd. The stock was bought at an average price of GBX 766 per share, for a total transaction of £17,993.34. Over the last ninety days, insiders purchased 6,336 shares of company stock worth $5,737,896. 21.96% of the stock is owned by corporate insiders.

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.