Jet2 (LON:JET2) Price Target Cut to GBX 2,250 by Analysts at Canaccord Genuity Group

Key Points

• Jet2's price target has been revised down from GBX 2,335 to GBX 2,250 by Canaccord Genuity, while maintaining a "buy" rating, suggesting a potential upside of 61.87%.
• The stock is currently trading at GBX 1,390, reflecting a 13.8% decline, with a market capitalization of £2.88 billion.
• Analysts maintain an average rating of "Buy" for Jet2, with an average price target of GBX 2,221.25 based on data from multiple investment firms.

Jet2 (LON:JET2 - Free Report) had its price target lowered by Canaccord Genuity Group from GBX 2,335 to GBX 2,250 in a research note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a buy rating on the stock.

JET2 has been the subject of a number of other reports. Royal Bank Of Canada restated an "outperform" rating and set a GBX 2,200 price objective on shares of Jet2 in a research report on Thursday, July 10th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Jet2 in a report on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of GBX 2,127.25.

Jet2 Price Performance

LON:JET2 traded up GBX 10.95 during trading hours on Thursday, hitting GBX 1,498.95. The company's stock had a trading volume of 900,354 shares, compared to its average volume of 1,344,732. The stock has a fifty day simple moving average of GBX 1,646.40 and a 200-day simple moving average of GBX 1,580.83. The company has a market capitalization of £2.93 billion, a P/E ratio of 723.43, a PEG ratio of 9.34 and a beta of 2.27. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49. Jet2 has a twelve month low of GBX 1,088 and a twelve month high of GBX 1,963.

Jet2 (LON:JET2 - Get Free Report) last released its quarterly earnings data on Wednesday, July 9th. The company reported GBX 213.10 earnings per share for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. On average, analysts anticipate 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.