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

Jet2 (LON:JET2)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 2,250 target price on the stock. Canaccord Genuity Group’s price target points to a potential upside of 67.66% from the stock’s current price.

JET2 has been the topic of several other research reports. Royal Bank Of Canada lowered their target price on shares of Jet2 from GBX 2,200 to GBX 2,150 and set an “outperform” rating on the stock in a report on Friday, September 5th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Jet2 in a research note on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Jet2 from GBX 2,150 to GBX 2,059 and set a “buy” rating for the company in a research note on Thursday, September 4th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 2,127.25.

Jet2 Stock Up 2.0%

Jet2 stock traded up GBX 26 during trading hours on Wednesday, hitting GBX 1,342. The stock had a trading volume of 17,178,492 shares, compared to its average volume of 1,280,266. Jet2 has a 12-month low of GBX 1,088 and a 12-month high of GBX 1,963. The stock has a market capitalization of £2.54 billion, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. The stock’s 50-day moving average price is GBX 1,382.69 and its 200-day moving average price is GBX 1,599.27. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30.

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.