Jet2 (LON:JET2) Given “Outperform” Rating at Royal Bank of Canada

Jet2 (LON:JET2)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank of Canada in a research note issued on Thursday, MarketBeat.com reports. They presently have a GBX 2,100 ($26.43) price objective on the stock. Royal Bank of Canada’s target price indicates a potential upside of 55.82% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group increased their price objective on shares of Jet2 from GBX 1,900 ($23.91) to GBX 2,050 ($25.80) and gave the stock a “buy” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Jet2 from GBX 2,240 ($28.19) to GBX 2,385 ($30.01) and gave the company a “buy” rating in a research note on Friday, November 22nd.

Jet2 Stock Performance

Shares of LON:JET2 traded down GBX 50.33 ($0.63) on Thursday, hitting GBX 1,347.67 ($16.96). 1,308,937 shares of the company were exchanged, compared to its average volume of 940,902. The firm has a market capitalization of £2.88 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 9.34 and a beta of 2.27. The company’s 50 day moving average price is GBX 1,525.38 and its two-hundred day moving average price is GBX 1,475.32. Jet2 has a one year low of GBX 1,252 ($15.75) and a one year high of GBX 1,679 ($21.13). The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36.

Jet2 (LON:JET2) last announced its earnings results on Thursday, November 21st. The company reported GBX 279.30 ($3.51) EPS for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. Research analysts expect that Jet2 will post 170.9134615 earnings per share for the current year.

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.