JPMorgan Chase & Co. Reaffirms Overweight Rating for Jet2 (LON:JET2)

Jet2 (LON:JET2 - Get Free Report)'s stock had its "overweight" rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued on Friday,London Stock Exchange reports.

Several other research firms have also weighed in on JET2. Canaccord Genuity Group increased their price objective on shares of Jet2 from GBX 2,200 ($29.54) to GBX 2,325 ($31.22) and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 2,200 ($29.54) price target on shares of Jet2 in a research report on Thursday, July 10th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Jet2 has a consensus rating of "Buy" and an average price target of GBX 2,240 ($30.08).

Jet2 Price Performance

Shares of JET2 stock traded up GBX 8 ($0.11) during midday trading on Friday, reaching GBX 1,660 ($22.29). 648,224 shares of the company traded hands, compared to its average volume of 1,020,002. The firm's 50 day simple moving average is GBX 1,791.32 and its two-hundred day simple moving average is GBX 1,548.89. Jet2 has a 1-year low of GBX 1,088 ($14.61) and a 1-year high of GBX 1,963 ($26.36). The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49. The firm has a market cap of £3.54 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27.

Jet2 (LON:JET2 - Get Free Report) last announced its quarterly earnings data on Wednesday, July 9th. The company reported GBX 213.10 ($2.86) EPS for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. On average, equities research analysts expect that Jet2 will post 170.9134615 EPS for the current fiscal 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.

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.