Jet2 (LON:JET2) Trading Up 1.5% – Should You Buy?

Jet2 plc (LON:JET2)’s stock price was up 1.5% during mid-day trading on Friday . The stock traded as high as GBX 1,263 and last traded at GBX 1,237. Approximately 1,157,248 shares were traded during trading, a decline of 37% from the average daily volume of 1,841,134 shares. The stock had previously closed at GBX 1,219.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JET2. Panmure Gordon restated a “buy” rating and issued a GBX 1,700 target price on shares of Jet2 in a research note on Thursday, November 20th. 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. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,150 target price on shares of Jet2 in a research note on Monday, November 24th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,100 price target on shares of Jet2 in a research note on Thursday, November 20th. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 2,250 price objective on shares of Jet2 in a research report on Wednesday, November 12th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 1,917.83.

Jet2 Stock Up 1.5%

The stock has a market capitalization of £2.32 billion, a P/E ratio of 5.28, a PEG ratio of 9.34 and a beta of 2.27. The stock has a 50 day moving average price of GBX 1,353.74 and a 200-day moving average price of GBX 1,433.30. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49.

Jet2 (LON:JET2) last issued its earnings results on Wednesday, November 19th. The company reported GBX 300.40 earnings per share for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. As a group, research analysts expect that Jet2 plc will post 170.9134615 EPS for the current fiscal year.

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.