Jet2 plc (LON:JET2) Stock Rated “Moderate Buy” by Wall Street Brokerages

Jet2 plc (LON:JET2) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 1,616.57.

Several brokerages recently commented on JET2. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,256 price target on shares of Jet2 in a research report on Friday, September 4th. Royal Bank Of Canada lifted their price target on shares of Jet2 from GBX 1,800 to GBX 1,900 and gave the company an “outperform” rating in a report on Thursday, July 9th. Canaccord Genuity Group lifted their price target on shares of Jet2 from GBX 1,750 to GBX 1,800 and gave the company a “buy” rating in a report on Thursday, September 3rd. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,800 price objective on shares of Jet2 in a research note on Friday, September 4th. Finally, UBS Group restated a “buy” rating and set a GBX 1,660 price objective on shares of Jet2 in a report on Friday, July 3rd.

Jet2 Price Performance

JET2 opened at GBX 1,421 on Friday. Jet2 has a 1 year low of GBX 980 and a 1 year high of GBX 1,612. The company’s 50 day simple moving average is GBX 1,475.94 and its 200 day simple moving average is GBX 1,342.08. The stock has a market capitalization of £2.56 billion, a PE ratio of 6.83, a P/E/G ratio of 9.34 and a beta of 1.18. The company has a debt-to-equity ratio of 62.09, a quick ratio of 1.49 and a current ratio of 1.36.

Jet2 declared that its Board of Directors has authorized a stock repurchase program on Wednesday, July 8th that permits the company to buy back 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Share repurchase programs are often an indication that the company’s board believes its shares are undervalued.

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.