Jet2’s (JET2) “Buy” Rating Reaffirmed at UBS Group

Jet2 (LON:JET2)‘s stock had its “buy” rating reiterated by stock analysts at UBS Group in a research report issued on Friday,Digital Look reports. They presently have a GBX 1,660 target price on the stock. UBS Group’s price objective points to a potential upside of 29.03% from the company’s previous close.

A number of other brokerages also recently issued reports on JET2. JPMorgan Chase & Co. cut their price target on shares of Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating on the stock in a research report on Friday, March 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,800 target price on shares of Jet2 in a report on Wednesday, April 29th. Royal Bank Of Canada reduced their price target on shares of Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Finally, Canaccord Genuity Group lowered Jet2 to a “buy” rating and decreased their price target for the stock from GBX 2,350 to GBX 1,900 in a research note on Wednesday, April 29th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,645.29.

Jet2 Trading Down 2.4%

LON:JET2 opened at GBX 1,286.50 on Friday. Jet2 has a 1 year low of GBX 980 and a 1 year high of GBX 1,855. The company has a debt-to-equity ratio of 61.57, a quick ratio of 1.49 and a current ratio of 1.40. The stock has a fifty day moving average price of GBX 1,201.08 and a two-hundred day moving average price of GBX 1,233.57. The stock has a market capitalization of £2.32 billion, a price-to-earnings ratio of 5.49, a PEG ratio of 9.34 and a beta of 1.18.

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.