Jet2 plc (LON:JET2) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Jet2 has a “Moderate Buy” consensus rating: Five of seven analysts recommend buying the shares, while two rate them a hold. The average 12-month price target is GBX 1,616.57, above the reported opening price of GBX 1,426.
• Analysts remain broadly positive on the company’s growth outlook. Several brokerages recently raised or reaffirmed targets between GBX 1,660 and GBX 1,900, while Jet2 continues expanding its flight schedule and hiring cabin crew at London Stansted.
• Jet2 reported solid profitability but notable insider selling. The company posted quarterly EPS of GBX 211.20, with a 19.92% return on equity and 5.49% net margin; insiders sold 87,558 shares worth approximately £129 million over the past three months.

Jet2 plc (LON:JET2 - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 1,616.57.

A number of equities analysts have recently commented on JET2 shares. Royal Bank Of Canada boosted their price objective on 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. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,800 price target on shares of Jet2 in a research note on Friday, September 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 1,256 price target on shares of Jet2 in a report on Friday, September 4th. Finally, Canaccord Genuity Group raised their price objective 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.

Trending Headlines about Jet2

Here are the key news stories impacting Jet2 this week:

• Positive Sentiment: Stansted expansion supports growth. Jet2 is recruiting additional cabin crew at London Stansted as its flight schedule expands, suggesting continued demand for its package holidays and flights. The hiring is strategically positive, although it also implies higher staffing costs as capacity increases. Jet2 hiring new cabin crew at Stansted Airport as flight schedule expands
• Positive Sentiment: Efficient summer operations could support margins. An Aviation Week analysis describes an efficient summer for Jet2 and TUI, potentially reinforcing the view that Jet2 is managing capacity and carbon-related operating efficiency effectively. Carbon Analysis: An Efficient Summer For Jet2 And TUI
• Positive Sentiment: Management remains focused on expansion. Jet2’s chief executive pledged to become a “bigger and better” trade partner following changes in the stock market, signaling confidence in the company’s growth strategy and relationships with travel agents. Jet2 chief vows to be bigger and better trade partner

Jet2 Trading Up 0.6%

LON:JET2 opened at GBX 1,426 on Wednesday. The firm has a market cap of £2.59 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 9.34 and a beta of 1.18. The stock has a fifty day moving average price of GBX 1,512.29 and a 200 day moving average price of GBX 1,300.89. Jet2 has a 12-month low of GBX 980 and a 12-month high of GBX 1,612. 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 released its earnings results on Wednesday, July 8th. The company reported GBX 211.20 EPS for the quarter. Jet2 had a return on equity of 19.92% and a net margin of 5.49%. Sell-side analysts anticipate that Jet2 will post 170.9134615 earnings per share for the current fiscal year.

Jet2 declared that its Board of Directors has approved a share repurchase program on Wednesday, July 8th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at Jet2

In related news, insider Gary Brown sold 26,143 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 1,475, for a total value of £385,609.25. Also, 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. Insiders sold 87,558 shares of company stock worth $129,148,050 in the last three months. 22.48% of the stock is currently owned by corporate 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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