Jet2 (LON:JET2) Earns “Buy” Rating from Canaccord Genuity Group

Jet2 (LON:JET2)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity Group in a research report issued on Wednesday,Digital Look reports. They presently have a GBX 2,050 ($26.54) price objective on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 48.34% from the stock’s current price.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Jet2 from GBX 2,240 ($29.00) to GBX 2,385 ($30.88) and gave the stock a “buy” rating in a research report on Friday, November 22nd. Canaccord Genuity Group lifted their price target on shares of Jet2 from GBX 1,900 ($24.60) to GBX 2,050 ($26.54) and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 2,100 ($27.19) price objective on shares of Jet2 in a report on Thursday, February 20th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 2,077 ($26.89).

Jet2 Trading Down 0.8 %

JET2 traded down GBX 11 ($0.14) during mid-day trading on Wednesday, reaching GBX 1,382 ($17.89). The stock had a trading volume of 1,152,819 shares, compared to its average volume of 1,514,824. The firm’s fifty day simple moving average is GBX 1,464.44 and its two-hundred day simple moving average is GBX 1,477.26. The stock has a market capitalization of £2.95 billion, a P/E ratio of 7.39, a P/E/G ratio of 9.34 and a beta of 2.27. Jet2 has a 52 week low of GBX 1,252 ($16.21) and a 52 week high of GBX 1,679 ($21.74). The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36.

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.