Jet2 plc (JET2.L) - What Are Brokerages Saying About This Stock?

Key Points

• Analysts are moderately bullish: Jet2 has a “Moderate Buy” consensus, with five buy ratings and two holds. The average 12-month price target is GBX 1,616.57, above the reported GBX 1,407 opening price.
• Recent broker updates were generally positive, including Royal Bank of Canada raising its target to GBX 1,900, while Canaccord Genuity lifted its target to GBX 1,800; Deutsche Bank maintained a hold rating with a GBX 1,256 target.
• Jet2 reported quarterly EPS of GBX 211.20, with a 19.92% return on equity and a 5.49% net margin. However, insiders sold shares recently, including transactions by Stephen Heapy and Gary Brown at an average price of GBX 1,475.

Shares of Jet2 plc (LON:JET2 - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 1,616.57.

JET2 has been the subject of several recent analyst reports. Royal Bank Of Canada lifted their price objective on shares of Jet2 from GBX 1,800 to GBX 1,900 and gave the stock an "outperform" rating in a research report on Thursday, July 9th. UBS Group reaffirmed a "buy" rating and issued a GBX 1,660 target price on shares of Jet2 in a report on Friday, July 3rd. Canaccord Genuity Group increased their price objective on Jet2 from GBX 1,750 to GBX 1,800 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 1,256 price target on shares of Jet2 in a report on Friday, September 4th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,800 price objective on shares of Jet2 in a research report on Friday, September 4th.

Jet2 Price Performance

Jet2 stock opened at GBX 1,407 on Friday. The firm has a market cap of £2.53 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 9.34 and a beta of 1.18. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 62.09. Jet2 has a 52-week low of GBX 980 and a 52-week high of GBX 1,612. The company's 50 day moving average is GBX 1,491.23 and its two-hundred day moving average is GBX 1,332.80.

Jet2 (LON:JET2 - Get Free Report) last released its 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 expect that Jet2 will post 170.91 EPS for the current fiscal year.

Jet2 declared that its Board of Directors has initiated a stock repurchase plan 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 plans are generally an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Stephen Heapy sold 34,241 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 value of £505,054.75. Also, insider Gary Brown sold 26,143 shares of Jet2 stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 1,475, for a total transaction of £385,609.25. In the last 90 days, insiders have sold 87,558 shares of company stock valued at $129,148,050. 22.48% of the stock is owned by insiders.

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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