Royal Bank of Canada Reiterates Outperform Rating for Jet2 (LON:JET2)

Jet2 (LON:JET2)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank of Canada in a report released on Thursday, Marketbeat Ratings reports. They currently have a GBX 2,100 ($26.53) price target on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 52.06% from the stock’s previous close.

A number of other analysts also recently issued reports on JET2. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Jet2 from GBX 2,240 ($28.30) to GBX 2,385 ($30.13) and gave the company a “buy” rating in a report on Friday, November 22nd. Canaccord Genuity Group lifted their target price on Jet2 from GBX 1,900 ($24.01) to GBX 2,050 ($25.90) and gave the stock a “buy” rating in a report on Thursday, November 21st.

Jet2 Stock Performance

LON:JET2 opened at GBX 1,381 ($17.45) on Thursday. The stock has a 50-day simple moving average of GBX 1,514.56 and a two-hundred day simple moving average of GBX 1,475.08. 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 has a 52-week low of GBX 1,252 ($15.82) and a 52-week high of GBX 1,679 ($21.21). The firm has a market capitalization of £2.95 billion, a PE ratio of 7.38, a P/E/G ratio of 9.34 and a beta of 2.27.

Jet2 (LON:JET2) last announced its quarterly earnings data on Thursday, November 21st. The company reported GBX 279.30 ($3.53) EPS for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. Analysts forecast that Jet2 will post 170.9134615 EPS for the current year.

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.