Jet2 plc (LON:JET2) Stock Has Average Price Target of GBX 1,616.57

Shares of Jet2 plc (LON:JET2) have earned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 1,616.57.

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

Jet2 News Roundup

Here are the key news stories impacting Jet2 this week:

• Negative Sentiment: La Palma routes cancelled: Jet2 is ending all flights from Manchester to La Palma only about six months after the route launched, while a planned London Stansted service has also been scrapped before launch. The decision suggests insufficient customer demand or concerns about the route’s commercial viability, although it may ultimately help Jet2 reduce losses and redeploy aircraft to stronger destinations. Jet2 Ends Manchester–La Palma Flights, Scraps London Route
• Positive Sentiment: Longer-term booking window opens: Jet2 has put its summer 2028 flights and package holidays on sale. This extends its forward booking schedule, supports early customer reservations and provides additional visibility into future capacity and revenue, though the immediate financial benefit is likely limited. Jet2 puts summer 2028 flights and holidays on sale

Insider Activity at Jet2

In related news, insider Gary Brown sold 26,143 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The stock was 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 the firm’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of GBX 1,475, for a total value of £505,054.75. Insiders have sold 87,558 shares of company stock valued at $129,148,050 in the last 90 days. Company insiders own 22.48% of the company’s stock.

Jet2 Stock Down 1.3%

LON JET2 opened at GBX 1,386 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 62.09. The company has a fifty day moving average of GBX 1,483.77 and a two-hundred day moving average of GBX 1,338.37. The firm has a market capitalization of £2.49 billion, a price-to-earnings ratio of 6.66, a PEG ratio of 9.34 and a beta of 1.18. Jet2 has a 52 week low of GBX 980 and a 52 week high of GBX 1,612.

Jet2 declared that its Board of Directors has initiated a stock buyback plan on Wednesday, July 8th that allows the company to repurchase 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is 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.