Jet2's (JET2) "Buy" Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies reiterated its “Buy” rating on Jet2 and maintained a GBX 1,800 price target, implying approximately 18.34% upside from the reported current price.
• Analyst sentiment remains favorable: six analysts rate Jet2 a Buy and one rates it Hold, resulting in a consensus “Moderate Buy” rating and average target price of GBX 1,645.29.
• Jet2 reported quarterly EPS of GBX 211.20, with a 19.92% return on equity and 5.49% net margin; however, insiders have sold 87,558 shares over the past 90 days.

Jet2 (LON:JET2 - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Jefferies Financial Group in a report issued on Friday, London Stock Exchange reports. They currently have a GBX 1,800 price target on the stock. Jefferies Financial Group's target price would suggest a potential upside of 18.34% from the company's current price.

Several other research analysts have also weighed in on JET2. Royal Bank Of Canada increased their price objective on shares of Jet2 from GBX 1,800 to GBX 1,900 and gave the stock an "outperform" rating in a report on Thursday, July 9th. UBS Group restated a "buy" rating and issued a GBX 1,660 target price on shares of Jet2 in a report on Friday, July 3rd. Finally, Canaccord Genuity Group upped their price target on shares of Jet2 from GBX 1,750 to GBX 1,800 and gave the stock a "buy" rating in a research report on Thursday. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 1,645.29.

Jet2 Stock Performance

LON JET2 opened at GBX 1,521 on Friday. The business's 50-day moving average price is GBX 1,486.46 and its 200 day moving average price is GBX 1,290.19. Jet2 has a twelve month low of GBX 980 and a twelve month high of GBX 1,612. The company has a market capitalization of £2.74 billion, a PE ratio of 7.31, a price-to-earnings-growth ratio of 9.34 and a beta of 1.18. The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 62.09.

Jet2 (LON:JET2 - Get Free Report) last issued its quarterly earnings results on Wednesday, July 8th. The company reported GBX 211.20 earnings per share (EPS) for the quarter. Jet2 had a return on equity of 19.92% and a net margin of 5.49%. On average, research analysts predict that Jet2 will post 170.9134615 earnings per share for the current year.

Jet2 announced that its Board of Directors has approved a stock buyback program on Wednesday, July 8th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at Jet2

In related news, insider Stephen Heapy sold 34,241 shares of the firm's stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 1,475, for a total value of £505,054.75. Also, insider Gary Brown sold 26,143 shares of the firm's stock in a transaction on Friday, July 17th. The shares were sold at an average price of GBX 1,475, for a total transaction of £385,609.25. Over the last 90 days, insiders sold 87,558 shares of company stock worth $129,148,050. Company insiders own 22.58% of the company's stock.

Key Jet2 News

Here are the key news stories impacting Jet2 this week:

• Positive Sentiment: Jet2 reported that summer bookings are up 8.8% and said it remains on track for a stronger winter season. The update suggests robust leisure-travel demand despite geopolitical disruption and supports revenue and earnings expectations. Jet2 says summer bookings are up 8.8% and it is on track for a stronger winter
• Positive Sentiment: The company is increasing fuel hedging after solid summer bookings, which could provide greater protection against fuel-price volatility and improve earnings visibility. UK's Jet2 boosts fuel hedging after solid summer bookings
• Positive Sentiment: Jet2 shareholders approved all AGM resolutions, reinforcing the board and giving management continued flexibility over capital allocation. Jet2 shareholders back all AGM resolutions
• Positive Sentiment: Canaccord Genuity raised its price target from 1,750p to 1,800p and retained a “buy” rating, indicating improved analyst confidence in Jet2’s outlook. London Stock Exchange Jet2 company page
• Positive Sentiment: Jet2 plans to transfer its listing from AIM to the Main Market. The move may improve visibility, broaden access for institutional investors and strengthen the company’s market profile, although it is primarily a structural change rather than a direct earnings catalyst. Jet2 announces move to Main Market
• Neutral Sentiment: Management said late-booking trends are continuing into winter, while rising multigenerational holiday bookings and new routes provide additional demand opportunities. However, late bookings can make capacity and pricing less predictable. Jet2 sees late booking trend continuing into winter
• Negative Sentiment: Middle East disruptions remain a risk to flight schedules, costs and customer demand, although current booking data indicates Jet2 has so far shown resilience. Jet2 logs higher summer bookings despite Middle East disruptions

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.

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