Jet2 plc (LON:JET2) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Jet2 plc (LON:JET2) have been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 1,616.57.

JET2 has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,256 price objective on shares of Jet2 in a research note on Friday, September 4th. Royal Bank Of Canada lifted their target price on Jet2 from GBX 1,800 to GBX 1,900 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. UBS Group reissued a “buy” rating and issued a GBX 1,660 target price on shares of Jet2 in a report on Friday, July 3rd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,800 target price on shares of Jet2 in a research report on Friday, September 4th. Finally, Canaccord Genuity Group lifted their price target on Jet2 from GBX 1,750 to GBX 1,800 and gave the stock a “buy” rating in a research report on Thursday, September 3rd.

Insider Buying and Selling

In other news, insider Gary Brown sold 26,143 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 1,475, for a total transaction of £385,609.25. Also, insider Stephen Heapy sold 34,241 shares of Jet2 stock in a transaction on Friday, July 17th. The shares were sold at an average price of GBX 1,475, for a total transaction of £505,054.75. Over the last 90 days, insiders have sold 87,558 shares of company stock worth $129,148,050. Insiders own 22.48% of the company’s stock.

More Jet2 News

Here are the key news stories impacting Jet2 this week:

• Positive Sentiment: Stansted expansion supports growth. Jet2 is recruiting additional cabin crew at London Stansted as its flight schedule expands, suggesting continued demand for its package holidays and flights. The hiring is strategically positive, although it also implies higher staffing costs as capacity increases. Jet2 hiring new cabin crew at Stansted Airport as flight schedule expands
• Positive Sentiment: Efficient summer operations could support margins. An Aviation Week analysis describes an efficient summer for Jet2 and TUI, potentially reinforcing the view that Jet2 is managing capacity and carbon-related operating efficiency effectively. Carbon Analysis: An Efficient Summer For Jet2 And TUI
• Positive Sentiment: Management remains focused on expansion. Jet2’s chief executive pledged to become a “bigger and better” trade partner following changes in the stock market, signaling confidence in the company’s growth strategy and relationships with travel agents. Jet2 chief vows to be bigger and better trade partner

Jet2 Trading Up 0.6%

Shares of Jet2 stock opened at GBX 1,426 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 62.09. The company has a fifty day simple moving average of GBX 1,512.29 and a 200-day simple moving average of GBX 1,300.89. The stock has a market cap of £2.59 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 9.34 and a beta of 1.18. Jet2 has a 12-month low of GBX 980 and a 12-month high of GBX 1,612.

Jet2 (LON:JET2) last announced its quarterly earnings results on Wednesday, July 8th. The company reported GBX 211.20 EPS for the quarter. Jet2 had a net margin of 5.49% and a return on equity of 19.92%. On average, equities analysts forecast that Jet2 will post 170.9134615 EPS for the current fiscal year.

Jet2 announced that its board has authorized a stock buyback plan on Wednesday, July 8th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.