Jet2’s (JET2) Buy Rating Reaffirmed at Jefferies Financial Group

Jet2 (LON:JET2)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 2,100 price objective on the stock. Jefferies Financial Group’s price objective points to a potential upside of 89.19% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,150 target price on shares of Jet2 in a report on Monday, November 24th. JPMorgan Chase & Co. downgraded shares of Jet2 to a “neutral” rating and dropped their price objective for the company from GBX 1,850 to GBX 1,450 in a research report on Monday, December 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating on the stock in a report on Friday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,851.17.

Jet2 Stock Up 3.8%

JET2 stock traded up GBX 41 during mid-day trading on Monday, reaching GBX 1,110. The company had a trading volume of 2,489,236 shares, compared to its average volume of 3,784,957. The firm has a fifty day simple moving average of GBX 1,231.03 and a 200 day simple moving average of GBX 1,325.97. 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 company has a market capitalization of £2.05 billion, a price-to-earnings ratio of 4.74, a price-to-earnings-growth ratio of 9.34 and a beta of 1.24. Jet2 has a fifty-two week low of GBX 1,029 and a fifty-two week high of GBX 1,963.

Insider Transactions at Jet2

In other Jet2 news, insider Stephen Heapy bought 2,349 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was purchased at an average price of GBX 766 per share, for a total transaction of £17,993.34. Also, insider Gary Brown bought 2,349 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average price of GBX 766 per share, with a total value of £17,993.34. In the last 90 days, insiders have acquired 6,336 shares of company stock valued at $5,737,896. Corporate 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.