Jet2’s (JET2) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Jet2 (LON:JET2) in a report released on Thursday, MarketBeat Ratings reports. They currently have a GBX 2,100 ($26.53) price target on the stock.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group upped their target price on Jet2 from GBX 1,900 ($24.01) to GBX 2,050 ($25.90) and gave the company a “buy” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their target price on Jet2 from GBX 2,240 ($28.30) to GBX 2,385 ($30.13) and gave the company a “buy” rating in a research note on Friday, November 22nd.

Jet2 Trading Up 2.9 %

Shares of LON JET2 opened at GBX 1,381 ($17.45) on Thursday. The business’s 50 day moving average is GBX 1,514.56 and its two-hundred day moving average is GBX 1,475.08. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49. Jet2 has a 1-year low of GBX 1,252 ($15.82) and a 1-year high of GBX 1,679 ($21.21). The stock has a market capitalization of £2.95 billion, a P/E ratio of 7.38, a PEG ratio of 9.34 and a beta of 2.27.

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

Jet2 Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 2nd were issued a GBX 4.40 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a dividend yield of 0.31%. Jet2’s payout ratio is 8.02%.

Jet2 Company Profile

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.