Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Jet2 (LON:JET2) Stock

Jet2 (LON:JET2 - Get Free Report) had its price objective lifted by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 2,240 ($28.20) to GBX 2,385 ($30.03) in a research note issued on Friday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 58.47% from the stock's current price.

Separately, Canaccord Genuity Group increased their price objective on Jet2 from GBX 1,900 ($23.92) to GBX 2,050 ($25.81) and gave the company a "buy" rating in a research report on Thursday.

Jet2 Stock Up 0.3 %

Shares of JET2 traded up GBX 4.99 ($0.06) during mid-day trading on Friday, reaching GBX 1,504.99 ($18.95). The company's stock had a trading volume of 1,841,390 shares, compared to its average volume of 571,222. The business has a fifty day moving average of GBX 1,442.42 and a 200 day moving average of GBX 1,388.06. Jet2 has a 1 year low of GBX 1,066 ($13.42) and a 1 year high of GBX 1,600 ($20.14). The company has a market cap of £3.23 billion, a price-to-earnings ratio of 885.88, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30.

Insiders Place Their Bets

In other Jet2 news, insider Rachel Kentleton acquired 1,801 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average cost of GBX 1,403 ($17.66) per share, with a total value of £25,268.03 ($31,811.70). Also, insider Angela Luger purchased 900 shares of the stock in a transaction dated Wednesday, October 9th. The stock was purchased at an average cost of GBX 1,395 ($17.56) per share, for a total transaction of £12,555 ($15,806.37). Corporate insiders own 20.92% of the company's stock.

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.

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