Canaccord Genuity Group Forecasts Strong Price Appreciation for Jet2 (LON:JET2) Stock

Jet2 (LON:JET2 - Get Free Report) had its target price hoisted by equities research analysts at Canaccord Genuity Group from GBX 2,200 ($29.90) to GBX 2,325 ($31.60) in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 39.99% from the stock's current price.

Jet2 Trading Up 1.0%

LON JET2 traded up GBX 16.86 ($0.23) on Wednesday, hitting GBX 1,660.86 ($22.57). 1,627,481 shares of the stock were exchanged, compared to its average volume of 1,028,328. 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 fifty day moving average price of GBX 1,790.36 and a two-hundred day moving average price of GBX 1,544.60. The firm has a market capitalization of £3.54 billion, a P/E ratio of 8.88, a P/E/G ratio of 9.34 and a beta of 2.27. Jet2 has a 52-week low of GBX 1,088 ($14.79) and a 52-week high of GBX 1,963 ($26.68).

Jet2 (LON:JET2 - Get Free Report) last released its quarterly earnings data on Wednesday, July 9th. The company reported GBX 213.10 ($2.90) earnings per share for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. Research analysts forecast that Jet2 will post 170.9134615 EPS for the current fiscal 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.