Jet2 (LON:JET2) Price Target Lowered to GBX 2,150 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has lowered its price target for Jet2 from GBX 2,200 to GBX 2,150, maintaining an "outperform" rating which suggests a potential upside of 44.30% from the stock's previous close.
• Multiple analysts have issued revised price targets for Jet2, with Canaccord Genuity Group reducing theirs to GBX 2,250 while keeping a "buy" rating.
• Jet2's shares opened at GBX 1,490, and the company has a market cap of £2.91 billion, indicating a competitive position within the leisure travel industry.

Jet2 (LON:JET2 - Get Free Report) had its price target lowered by stock analysts at Royal Bank Of Canada from GBX 2,200 to GBX 2,150 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective points to a potential upside of 44.30% from the stock's previous close.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group dropped their price target on shares of Jet2 from GBX 2,335 to GBX 2,250 and set a "buy" rating on the stock in a report on Thursday. JPMorgan Chase & Co. restated an "overweight" rating on shares of Jet2 in a report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Jet2 from GBX 2,150 to GBX 2,059 and set a "buy" rating for the company in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of GBX 2,127.25.

Jet2 Trading Up 2.3%

Shares of LON:JET2 opened at GBX 1,490 on Friday. The company has a market cap of £2.91 billion, a P/E ratio of 719.11, 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 1 year low of GBX 1,088 and a 1 year high of GBX 1,963. The stock's fifty day moving average price is GBX 1,653.53 and its 200-day moving average price is GBX 1,580.08.

Jet2 (LON:JET2 - Get Free Report) last released 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%. Sell-side analysts expect that Jet2 will post 170.9134615 earnings per share for the current 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.

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