Canaccord Genuity Group Reaffirms “Buy” Rating for Jet2 (LON:JET2)

Jet2 (LON:JET2)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 2,050 ($26.55) price objective on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 53.67% from the stock’s current price.

Several other analysts also recently weighed in on JET2. Deutsche Bank Aktiengesellschaft lifted their target price on Jet2 from GBX 2,240 ($29.02) to GBX 2,385 ($30.89) and gave the stock a “buy” rating in a research report on Friday, November 22nd. Canaccord Genuity Group lifted their target price on Jet2 from GBX 1,900 ($24.61) to GBX 2,050 ($26.55) and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a GBX 2,100 ($27.20) target price on shares of Jet2 in a research report on Thursday, February 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Jet2 currently has a consensus rating of “Buy” and a consensus price target of GBX 2,077 ($26.90).

Jet2 Stock Down 3.8 %

LON:JET2 opened at GBX 1,334 ($17.28) on Wednesday. Jet2 has a twelve month low of GBX 1,252 ($16.22) and a twelve month high of GBX 1,679 ($21.75). The company has a market cap of £2.85 billion, a price-to-earnings ratio of 7.13, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. The stock has a fifty day simple moving average of GBX 1,456.18 and a 200-day simple moving average of GBX 1,476.74. The company has a current ratio of 1.36, a quick ratio of 1.49 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.