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

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

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

Jet2 Price Performance

Shares of JET2 opened at GBX 1,388 ($17.14) on Wednesday. Jet2 has a 1 year low of GBX 960 ($11.86) and a 1 year high of GBX 1,568 ($19.37). 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 company 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. The business has a 50-day moving average of GBX 1,424.57 and a 200-day moving average of GBX 1,276.37.

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.