Jet2 (LON:JET2) Shares Up 1.4% - Should You Buy?

Key Points

• Jet2 plc shares rose by 1.4% during mid-day trading, closing at GBX 1,647 ($22.16) after a decline in trading volume.
• Analysts maintain a bullish outlook with a consensus Buy rating and an average target price of GBX 2,240, driven by recent positive updates from major brokerages.
• The company's financial metrics are strong, with a net margin of 6.38% and an EPS of 213.10, indicating robust profitability in the leisure travel sector.

Jet2 plc (LON:JET2 - Get Free Report) shares shot up 1.4% during mid-day trading on Monday . The company traded as high as GBX 1,655 ($22.27) and last traded at GBX 1,647 ($22.16). 360,054 shares changed hands during trading, a decline of 63% from the average session volume of 975,791 shares. The stock had previously closed at GBX 1,624 ($21.85).

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JET2. JPMorgan Chase & Co. restated an "overweight" rating on shares of Jet2 in a research report on Friday, July 18th. Royal Bank Of Canada restated an "outperform" rating and set a GBX 2,200 target price on shares of Jet2 in a research report on Thursday, July 10th. Finally, Canaccord Genuity Group raised their target price on shares of Jet2 from GBX 2,200 to GBX 2,325 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of GBX 2,240.

Jet2 Trading Up 1.4%

The business's 50-day moving average is GBX 1,693.54 and its two-hundred day moving average is GBX 1,575.78. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36. The stock has a market capitalization of £3.52 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27.

Jet2 (LON:JET2 - Get Free Report) last issued its earnings results on Wednesday, July 9th. The company reported GBX 213.10 EPS for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. As a group, equities research analysts anticipate that Jet2 plc will post 170.9134615 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.