Jet2 (LON:JET2) Stock Rating Reaffirmed by Canaccord Genuity Group

Jet2 (LON:JET2)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a research note issued to investors on Wednesday, LSE.Co.UK reports. They presently have a GBX 1,900 ($23.47) target price on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 35.71% from the stock’s current price.

Several other research firms have also recently commented on JET2. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,800 ($22.23) target price on shares of Jet2 in a research note on Friday, February 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 1,950 ($24.09) price objective on shares of Jet2 in a report on Friday, April 12th.

Jet2 Price Performance

JET2 traded down GBX 88 ($1.09) during trading on Wednesday, hitting GBX 1,400 ($17.29). The company’s stock had a trading volume of 2,159,478 shares, compared to its average volume of 486,342. The firm’s 50 day moving average price is GBX 1,422.59 and its two-hundred day moving average price is GBX 1,274.73. The company has a quick ratio of 1.49, a current ratio of 1.62 and a debt-to-equity ratio of 87.09. Jet2 has a 12 month low of GBX 960 ($11.86) and a 12 month high of GBX 1,568 ($19.37). The stock has a market capitalization of £3.01 billion, a price-to-earnings ratio of 767.03, a price-to-earnings-growth ratio of 9.34 and a beta of 2.26.

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.