Jet2 (LON:JET2) Given “Buy” Rating at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Jet2 (LON:JET2) in a report released on Monday morning, MarketBeat reports. They currently have a GBX 2,100 price objective on the stock.

Several other equities research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price target on Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating for the company in a research note on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,150 price objective on shares of Jet2 in a report on Monday, November 24th. Finally, JPMorgan Chase & Co. downgraded Jet2 to a “neutral” rating and cut their target price for the company 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,851.17.

Jet2 Stock Performance

LON JET2 opened at GBX 1,110 on Monday. The firm has a 50-day moving average price of GBX 1,225.65 and a two-hundred day moving average price of GBX 1,324.16. Jet2 has a 12-month low of GBX 1,029 and a 12-month high of GBX 1,963. The company has a market capitalization of £2.05 billion, a P/E ratio of 4.74, a P/E/G ratio of 9.34 and a beta of 1.24. The company has a quick ratio of 1.49, a current ratio of 1.40 and a debt-to-equity ratio of 61.57.

Insider Transactions at Jet2

In other news, insider Gary Brown acquired 2,349 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average cost of GBX 766 per share, with a total value of £17,993.34. Also, insider Rachel Kentleton acquired 1,638 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was purchased at an average cost of GBX 1,306 per share, for a total transaction of £21,392.28. In the last 90 days, insiders bought 6,336 shares of company stock valued at $5,737,896. Company insiders own 21.96% of the company’s stock.

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.