Jet2's (JET2) "Buy" Rating Reaffirmed at Jefferies Financial Group

Key Points

• Jefferies reaffirmed a "Buy" on Jet2 with a GBX 1,800 target (implying ~66.9% upside); the stock has a consensus "Moderate Buy" from analysts with a consensus price target of GBX 1,742.83 despite Deutsche Bank trimming its target to GBX 1,457 (still a Buy).
• Jet2 is trading around GBX 1,078.50 with a market cap of £1.97bn and a low trailing P/E of 4.61, while insiders have recently purchased shares and insiders own 21.50% of the company, and the board continues a £100m share buyback — signals of management confidence and potential valuation upside.
• Key operational drivers include the new Gatwick base and summer capacity expansion (positive), but safety incidents and the pledge of no fuel surcharges for Summer 2026 could raise reputational risk and squeeze margins if jet fuel costs remain high.

Jet2 (LON:JET2 - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Jefferies Financial Group in a research report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 1,800 target price on the stock. Jefferies Financial Group's target price indicates a potential upside of 66.90% from the stock's previous close.

Separately, Deutsche Bank Aktiengesellschaft cut their target price on shares of Jet2 from GBX 1,596 to GBX 1,457 and set a "buy" rating on the stock in a research note on Friday, March 20th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Jet2 presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,742.83.

Jet2 Stock Up 0.8%

JET2 traded up GBX 8.50 during trading hours on Wednesday, hitting GBX 1,078.50. 38,966,121 shares of the company's stock were exchanged, compared to its average volume of 3,657,556. Jet2 has a 12-month low of GBX 980 and a 12-month high of GBX 1,963. The firm has a 50 day moving average of GBX 1,167.98 and a 200 day moving average of GBX 1,275.60. The firm has a market cap of £1.97 billion, a P/E ratio of 4.61, a price-to-earnings-growth ratio of 9.34 and a beta of 1.22. The company has a current ratio of 1.40, a quick ratio of 1.49 and a debt-to-equity ratio of 61.57.

Insider Buying and Selling at Jet2

In other news, insider Gary Brown acquired 2,349 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were bought at an average cost of GBX 766 per share, with a total value of £17,993.34. Also, insider Rachel Kentleton acquired 1,638 shares of the company's stock in a transaction on Wednesday, February 18th. The stock was purchased at an average cost of GBX 1,306 per share, for a total transaction of £21,392.28. In the last three months, insiders have bought 6,336 shares of company stock valued at $5,737,896. Insiders own 21.50% of the company's stock.

Key Headlines Impacting Jet2

Here are the key news stories impacting Jet2 this week:

• Positive Sentiment: Jet2 reported a solid FY26 performance and says its new Gatwick launch is driving growth and summer capacity expansion — a revenue/capacity catalyst. Article Title
• Positive Sentiment: Board continues the £100m share buyback while preparing a new Gatwick base — buybacks reduce float and signal management confidence. Article Title
• Positive Sentiment: Jet2 applauds Greece for suspending new EES checks and urges other countries to follow — easing border friction can reduce delays and operational cost/compensation risk. Article Title
• Neutral Sentiment: Company issues new price/booking policy and other passenger-facing rule updates — operational changes that could affect customer experience but unclear near-term financial impact. Article Title
• Negative Sentiment: Multiple incidents including an emergency/forced landing and reports of aggressive passengers — safety headlines and diversions raise reputational risk and can increase disruption costs. Article Title
• Negative Sentiment: Jet2 (with easyJet and TUI) pledged no fuel surcharges for Summer 2026 despite rising jet fuel costs — positive for demand but likely to squeeze margins if fuel prices remain elevated. Article Title

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.

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