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

Jet2 plc (LON:JET2) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,851.17.

A number of equities analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,100 price target on shares of Jet2 in a research note on Monday. Deutsche Bank Aktiengesellschaft cut their price objective on Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating on the stock in a research note on Friday, March 20th. Finally, JPMorgan Chase & Co. downgraded Jet2 to a “neutral” rating and reduced their target price for the stock from GBX 1,850 to GBX 1,450 in a report on Monday, December 1st.

Jet2 News Summary

Here are the key news stories impacting Jet2 this week:

• Positive Sentiment: Jefferies reaffirmed a “buy” and set a GBX 2,100 price target, a bullish analyst signal that supports upside expectations for JET2. Jefferies rating
• Positive Sentiment: Management says UK holiday demand is shifting from Turkey to Majorca, which can boost bookings on Jet2’s popular Balearic routes and help revenue where capacity exists. Majorca demand shift
• Neutral Sentiment: The CEO is publicly warning Majorca hoteliers not to “get greedy” on pricing — intended to protect demand and relationships but could limit ancillary revenue upside if pricing is constrained. Hoteliers warning
• Neutral Sentiment: Company statements updating customers on Turkey and Cyprus travel show active communication; helpful for reputation but impact on near-term bookings is mixed. Turkey/Cyprus update
• Negative Sentiment: Jet2 reports a drop in Cyprus bookings as the Iran conflict shifts traveler patterns away from that destination, directly reducing revenue on those routes. Cyprus bookings fall
• Negative Sentiment: Deutsche Bank cut its price target to GBX 1,457, a negative analyst move that likely weighs on sentiment and share price momentum. Deutsche Bank cut

Insider Activity at Jet2

In other Jet2 news, insider Gary Brown acquired 2,349 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average price of GBX 766 per share, with a total value of £17,993.34. Also, insider Stephen Heapy bought 2,349 shares of the stock in a transaction on Monday, March 2nd. The shares were acquired at an average price of GBX 766 per share, with a total value of £17,993.34. In the last ninety days, insiders have bought 6,336 shares of company stock valued at $5,737,896. Corporate insiders own 21.96% of the company’s stock.

Jet2 Price Performance

JET2 opened at GBX 1,103 on Wednesday. The company has a market capitalization of £2.04 billion, a P/E ratio of 4.71, a PEG ratio of 9.34 and a beta of 1.24. The company has a 50-day moving average of GBX 1,221.57 and a 200-day moving average of GBX 1,321.67. The company has a debt-to-equity ratio of 61.57, a quick ratio of 1.49 and a current ratio of 1.40. Jet2 has a 1-year low of GBX 1,029 and a 1-year 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.