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

Jet2 (LON:JET2 - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Royal Bank Of Canada in a research note issued to investors on Thursday, Marketbeat reports. They currently have a GBX 2,200 ($29.89) target price on the stock. Royal Bank Of Canada's target price indicates a potential upside of 32.46% from the stock's current price.

Separately, Canaccord Genuity Group increased their target price on Jet2 from GBX 2,200 ($29.89) to GBX 2,325 ($31.59) and gave the company a "buy" rating in a research report 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 a consensus target price of GBX 2,152 ($29.24).

Jet2 Trading Up 1.0%

JET2 stock traded up GBX 16.86 ($0.23) during midday trading on Thursday, reaching GBX 1,660.86 ($22.56). The stock had a trading volume of 1,627,481 shares, compared to its average volume of 1,028,328. The business has a fifty day simple moving average of GBX 1,790.36 and a two-hundred day simple moving average of GBX 1,544.60. Jet2 has a twelve month low of GBX 1,088 ($14.78) and a twelve month high of GBX 1,963 ($26.67). The firm has a market cap of £3.54 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 9.34 and a beta of 2.27. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30.

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

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.