Jet2 (LON:JET2) Receives Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Jet2 (LON:JET2) in a research report report published on Thursday, MarketBeat reports. Royal Bank of Canada currently has a GBX 2,100 ($26.61) price objective on the stock.

A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Jet2 from GBX 2,240 ($28.38) to GBX 2,385 ($30.22) and gave the company a “buy” rating in a research note on Friday, November 22nd. Canaccord Genuity Group lifted their price target on shares of Jet2 from GBX 1,900 ($24.08) to GBX 2,050 ($25.98) and gave the stock a “buy” rating in a research note on Thursday, November 21st.

Jet2 Trading Up 3.7 %

Shares of JET2 opened at GBX 1,392 ($17.64) on Thursday. The firm’s 50 day simple moving average is GBX 1,519.36 and its 200 day simple moving average is GBX 1,475.03. The company has a market capitalization of £2.97 billion, a P/E ratio of 7.44, a P/E/G ratio of 9.34 and a beta of 2.27. 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 ($15.86) and a 1-year high of GBX 1,679 ($21.27).

Jet2 (LON:JET2) last announced its earnings results on Thursday, November 21st. The company reported GBX 279.30 ($3.54) earnings per share for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. Sell-side analysts forecast that Jet2 will post 170.9134615 earnings per share for the current fiscal year.

Jet2 Cuts Dividend

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

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.