Jet2 (LON:JET2) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Jet2 (LON:JET2 - Get Free Report) had its target price boosted by research analysts at Canaccord Genuity Group from GBX 2,200 ($29.89) to GBX 2,325 ($31.59) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 39.99% from the stock's previous close.

Jet2 Price Performance

Shares of JET2 traded up GBX 16.86 ($0.23) during mid-day trading on Wednesday, reaching GBX 1,660.86 ($22.56). The stock had a trading volume of 1,627,481 shares, compared to its average volume of 1,028,328. The firm has a market cap of £3.54 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 9.34 and a beta of 2.27. Jet2 has a 12 month low of GBX 1,088 ($14.78) and a 12 month high of GBX 1,963 ($26.67). The business has a fifty day moving average of GBX 1,791.54 and a 200 day moving average of GBX 1,545.18. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36.

Jet2 (LON:JET2 - Get Free Report) last posted its quarterly earnings results on Wednesday, July 9th. The company reported GBX 213.10 ($2.89) earnings per share for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. Equities analysts predict that Jet2 will post 170.9134615 EPS 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.