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Jet2 (LON:JET2) Releases Quarterly Earnings Results

Jet2 logo with Consumer Cyclical background

Jet2 (LON:JET2 - Get Free Report) released its quarterly earnings data on Wednesday. The company reported GBX 213.10 ($2.87) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Jet2 had a return on equity of 26.53% and a net margin of 6.38%.

Jet2 Price Performance

LON JET2 remained flat at GBX 1,700 ($22.93) during trading on Friday. The company's stock had a trading volume of 941,259 shares, compared to its average volume of 1,026,809. The company has a market capitalization of £3.63 billion, a PE ratio of 9.09, 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. The stock has a 50 day moving average of GBX 1,792.22 and a two-hundred day moving average of GBX 1,545.74. Jet2 has a fifty-two week low of GBX 1,088 ($14.67) and a fifty-two week high of GBX 1,963 ($26.47).

Analysts Set New Price Targets

A number of analysts recently issued reports on JET2 shares. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 2,200 ($29.67) price objective on shares of Jet2 in a research note on Thursday. Canaccord Genuity Group upped their target price on Jet2 from GBX 2,200 ($29.67) to GBX 2,325 ($31.36) and gave the stock a "buy" rating in a research note on Wednesday.

Check Out Our Latest Stock Report on Jet2

About Jet2

(Get Free Report)

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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