Jet2 (LON:JET2) Receives Outperform Rating from Royal Bank Of Canada

Jet2 (LON:JET2 - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 2,200 ($29.89) target price on the stock. Royal Bank Of Canada's price objective points to a potential upside of 29.41% from the stock's previous close.

Separately, Canaccord Genuity Group lifted their price objective on shares of Jet2 from GBX 2,200 ($29.89) to GBX 2,325 ($31.59) and gave the company a "buy" rating in a research note on Wednesday. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of GBX 2,152 ($29.24).

Jet2 Price Performance

Shares of JET2 remained flat at GBX 1,700 ($23.09) during mid-day trading on Thursday. 941,259 shares of the stock were exchanged, compared to its average volume of 1,026,809. The stock has a market cap of £3.63 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. The firm has a 50-day moving average of GBX 1,791.54 and a two-hundred day moving average of GBX 1,545.18. Jet2 has a 12 month low of GBX 1,088 ($14.78) and a 12 month high of GBX 1,963 ($26.67). The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 103.30.

Jet2 (LON:JET2 - Get Free Report) last posted its quarterly earnings data on Wednesday, July 9th. The company reported GBX 213.10 ($2.89) earnings per share (EPS) for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. On average, equities research analysts expect that Jet2 will post 170.9134615 earnings per share for the current fiscal year.

About Jet2

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.