Jet2 (LON:JET2) Price Target Lowered to GBX 1,457 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank cut its price target for Jet2 from GBX 1,596 to GBX 1,457 while maintaining a "buy" rating, which it says implies about a 35.53% upside from the current share price.
• Analyst consensus is a "Moderate Buy" (five Buys, one Hold) with an average target of GBX 1,851.17, while the stock trades around GBX 1,075 and has a market cap of £1.99 billion and a low P/E of 4.59.
• Insiders have been buying recently (6,336 shares in the last 90 days) and collectively own 21.96% of the company's stock, signaling notable insider conviction.

Jet2 (LON:JET2 - Get Free Report) had its target price cut by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 1,596 to GBX 1,457 in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 35.53% from the stock's current price.

Several other equities analysts have also recently issued reports on JET2. JPMorgan Chase & Co. cut Jet2 to a "neutral" rating and dropped their target price for the stock from GBX 1,850 to GBX 1,450 in a research report on Monday, December 1st. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 2,150 price target on shares of Jet2 in a research report on Monday, November 24th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 2,100 price objective on shares of Jet2 in a research note on Thursday, November 20th. Finally, Panmure Gordon reiterated a "buy" rating and set a GBX 1,700 target price on shares of Jet2 in a research report on Thursday, November 20th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,851.17.

Jet2 Stock Performance

LON JET2 traded up GBX 25 during trading on Friday, reaching GBX 1,075. The company's stock had a trading volume of 1,338,798 shares, compared to its average volume of 2,005,011. Jet2 has a twelve month low of GBX 1,050 and a twelve month high of GBX 1,963. The firm has a market cap of £1.99 billion, a price-to-earnings ratio of 4.59, a P/E/G ratio of 9.34 and a beta of 1.24. The business's fifty day moving average price is GBX 1,237.53 and its 200-day moving average price is GBX 1,333.48. The company has a debt-to-equity ratio of 61.57, a quick ratio of 1.49 and a current ratio of 1.40.

Insider Buying and Selling at Jet2

In other news, insider Rachel Kentleton acquired 1,638 shares of Jet2 stock in a transaction that occurred on Wednesday, February 18th. The shares were acquired at an average price of GBX 1,306 per share, with a total value of £21,392.28. Also, insider Gary Brown bought 2,349 shares of the stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average cost of GBX 766 per share, with a total value of £17,993.34. In the last ninety days, insiders have bought 6,336 shares of company stock worth $5,737,896. Corporate insiders own 21.96% of the company's stock.

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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