Jet2 (LON:JET2) Given New GBX 2,059 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has lowered its price target for Jet2 from GBX 2,150 to GBX 2,059, while maintaining a "buy" rating, signaling a potential upside of 41.22% from the stock's previous close.
• Analysts' reviews indicate a consensus rating of "Buy" for Jet2, with five equities research analysts supporting this view and a consensus target price of GBX 2,139.75.
• After recently reported quarterly earnings of GBX 213.10 per share, analysts anticipate Jet2 will post earnings of approximately 170.91 per share for the current fiscal year.

Jet2 (LON:JET2 - Free Report) had its target price decreased by Deutsche Bank Aktiengesellschaft from GBX 2,150 to GBX 2,059 in a research report released on Thursday morning, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other equities analysts have also commented on the company. JPMorgan Chase & Co. restated an "overweight" rating on shares of Jet2 in a research note on Friday, July 18th. Canaccord Genuity Group lowered their price objective on Jet2 from GBX 2,335 to GBX 2,250 and set a "buy" rating on the stock in a research note on Thursday. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 2,200 target price on shares of Jet2 in a report on Thursday, July 10th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of GBX 2,139.75.

Jet2 Price Performance

Jet2 stock traded up GBX 45 during mid-day trading on Thursday, reaching GBX 1,456. 1,127,819 shares of the company were exchanged, compared to its average volume of 972,093. The company has a fifty day simple moving average of GBX 1,653.53 and a 200-day simple moving average of GBX 1,580.08. Jet2 has a 12 month low of GBX 1,088 and a 12 month high of GBX 1,963. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49. The firm has a market cap of £2.84 billion, a PE ratio of 702.70, a PEG ratio of 9.34 and a beta of 2.27.

Jet2 (LON:JET2 - Get Free Report) last posted its quarterly earnings data on Wednesday, July 9th. The company reported GBX 213.10 EPS for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. As a group, 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.