Jet2 (LON:JET2) Stock Rating Reaffirmed by Canaccord Genuity Group

Jet2 (LON:JET2)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity Group in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have a GBX 1,900 ($23.47) price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 36.89% from the company’s previous close.

A number of other equities analysts also recently commented on JET2. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,800 ($22.23) price objective on shares of Jet2 in a report on Friday, February 16th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 1,950 ($24.09) price objective on shares of Jet2 in a report on Friday, April 12th.

Jet2 Price Performance

LON JET2 opened at GBX 1,388 ($17.14) on Wednesday. The company has a 50 day simple moving average of GBX 1,424.57 and a 200-day simple moving average of GBX 1,276.37. The company has a debt-to-equity ratio of 87.09, a current ratio of 1.62 and a quick ratio of 1.49. The firm has a market capitalization of £2.98 billion, a price-to-earnings ratio of 761.04, a price-to-earnings-growth ratio of 9.34 and a beta of 2.26. Jet2 has a 52-week low of GBX 960 ($11.86) and a 52-week high of GBX 1,568 ($19.37).

Jet2 Company Profile

Jet2 plc, together with its subsidiaries, engages in the leisure travel business primarily in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the package holiday and non-ticket retail activities, as well as passenger and charter aircraft operations.