Jet2 (LON:JET2) Price Target Cut to GBX 2,250 by Analysts at Canaccord Genuity Group

Jet2 (LON:JET2) had its price target reduced by stock analysts at Canaccord Genuity Group from GBX 2,335 to GBX 2,250 in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 61.87% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 2,200 price objective on shares of Jet2 in a report on Thursday, July 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Jet2 in a research note on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 2,221.25.

Jet2 Stock Down 13.8%

JET2 stock opened at GBX 1,390 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30. The business has a 50 day moving average price of GBX 1,669.90 and a two-hundred day moving average price of GBX 1,579.40. The company has a market cap of £2.88 billion, a price-to-earnings ratio of 670.85, a P/E/G ratio of 9.34 and a beta of 2.27. Jet2 has a twelve month low of GBX 1,088 and a twelve month high of GBX 1,963.

Jet2 (LON:JET2) last posted its quarterly earnings results on Wednesday, July 9th. The company reported GBX 213.10 earnings per share for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. Analysts anticipate 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.