Jet2 (LON:JET2) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Jet2 (LON:JET2) had its target price raised by Deutsche Bank Aktiengesellschaft from GBX 2,240 ($28.08) to GBX 2,385 ($29.90) in a report issued on Friday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 57.63% from the company’s previous close.

Separately, Canaccord Genuity Group lifted their price target on shares of Jet2 from GBX 1,900 ($23.82) to GBX 2,050 ($25.70) and gave the company a “buy” rating in a research report on Thursday.

Jet2 Trading Up 0.9 %

Shares of Jet2 stock opened at GBX 1,513 ($18.97) on Friday. The stock has a market capitalization of £3.25 billion, a PE ratio of 890.00, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. Jet2 has a 52 week low of GBX 1,066 ($13.36) and a 52 week high of GBX 1,600 ($20.06). The stock has a 50 day moving average price of GBX 1,444.32 and a two-hundred day moving average price of GBX 1,388.92. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36.

Insider Activity

In other news, insider Rachel Kentleton purchased 1,801 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of GBX 1,403 ($17.59) per share, for a total transaction of £25,268.03 ($31,676.11). Also, insider Angela Luger bought 900 shares of Jet2 stock in a transaction dated Wednesday, October 9th. The stock was acquired at an average price of GBX 1,395 ($17.49) per share, with a total value of £12,555 ($15,739.00). 20.92% of the stock is currently owned by corporate insiders.

About Jet2

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.