Jet2 (LON:JET2) Stock Price Up 0.1% - What's Next?

Key Points

• Jet2 plc shares saw a minor increase of 0.1%, closing at GBX 1,626.18 ($21.48) after trading as high as GBX 1,635 ($21.60).
• Equities analysts give Jet2 an overall "Buy" rating with a consensus target price set at GBX 2,240 ($29.59), indicating potential for significant upside.
• The company reported earnings per share of GBX 213.10 ($2.82) in its last quarterly results, showcasing a strong return on equity of 26.53%.

Jet2 plc (LON:JET2 - Get Free Report)'s stock price was up 0.1% during trading on Thursday . The stock traded as high as GBX 1,635 ($21.70) and last traded at GBX 1,626.18 ($21.58). Approximately 946,131 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 1,013,171 shares. The stock had previously closed at GBX 1,624 ($21.56).

Analyst Ratings Changes

A number of equities research analysts recently weighed in on JET2 shares. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Jet2 in a research report on Friday, July 18th. Canaccord Genuity Group boosted their price target on shares of Jet2 from GBX 2,200 ($29.20) to GBX 2,325 ($30.86) and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 2,200 ($29.20) price target on shares of Jet2 in a research report on Thursday, July 10th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of GBX 2,240 ($29.73).

Jet2 Stock Down 1.5%

The firm's 50-day moving average price is GBX 1,768.96 and its 200-day moving average price is GBX 1,559.46. The company has a market cap of £3.42 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth 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 (LON:JET2 - Get Free Report) last released its quarterly earnings results on Wednesday, July 9th. The company reported GBX 213.10 ($2.83) earnings per share (EPS) for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. Sell-side analysts forecast that Jet2 plc will post 170.9134615 earnings per share 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.