Key Points
- Insider purchase: CEO Stephen Heapy bought 2,349 Jet2 shares on March 2 at an average of GBX 766 per share (≈£17,993 total), signaling management may view the stock as undervalued.
- Share buyback: Jet2 is continuing its £100m buyback programme and cancelled 115,243 shares on March 4, reducing share count and supporting earnings per share.
- Operational risk: Airspace closures, Foreign Office travel warnings and a reported drone strike at RAF Akrotiri have forced route amendments and could raise costs and weigh near‑term summer bookings.
Jet2 plc (LON:JET2 - Get Free Report) insider Stephen Heapy purchased 2,349 shares of the business's stock in a transaction dated Monday, March 2nd. The stock was bought at an average cost of GBX 766 per share, with a total value of £17,993.34.
Jet2 Stock Performance
Jet2 stock opened at GBX 1,177 on Friday. Jet2 plc has a 1-year low of GBX 1,088 and a 1-year high of GBX 1,963. The company has a current ratio of 1.40, a quick ratio of 1.49 and a debt-to-equity ratio of 61.57. The firm has a market capitalization of £2.19 billion, a PE ratio of 5.03, a price-to-earnings-growth ratio of 9.34 and a beta of 1.24. The firm's 50 day simple moving average is GBX 1,295.99 and its 200 day simple moving average is GBX 1,369.48.
Key Stories Impacting Jet2
Here are the key news stories impacting Jet2 this week:
- Positive Sentiment: Company continues its £100m buyback programme and cancelled 115,243 shares on 4 March, reducing share count and supporting EPS. Jet2 Continues £100m Buyback With Cancellation of 115,243 Shares
- Positive Sentiment: Insiders (CEO Stephen Heapy and director Gary Brown) bought shares at ~GBX 766 recently — an insider buy signal that management views the stock as undervalued. LON:JET2 insider transactions (MarketBeat)
- Neutral Sentiment: Analysts published updated commentary on Jet2 in a broader consumer-cyclical note — may influence short-term estimates but no headline upgrades/revisions reported in the summary. Analysts Offer Insights on Consumer Cyclical Companies: On Holding AG (ONON) and Jet2 PLC
- Neutral Sentiment: Company confirmed its share capital and voting rights as it expands UK operations — administrative clarity that supports governance but is not a major operational catalyst. Jet2 Confirms Share Capital and Voting Rights as It Expands UK Operations
- Neutral Sentiment: Some flights (e.g., Newcastle to Cyprus) reported to be operating as normal, limiting immediate revenue disruption for specific routes. Jet2 Newcastle to Cyprus flight goes ahead as normal
- Negative Sentiment: Airspace closures and Foreign Office travel warnings tied to recent Middle East incidents have forced Jet2 (and peers) to update travel advice and amend operations for Cyprus routes, adding disruption risk and potential extra costs (re-routing, longer sectors, crew/delivery impacts). TUI and Jet2 issue update on flights to Cyprus from East Midlands Airport amid Middle East airspace closures
- Negative Sentiment: Foreign Office warnings and travel-advice updates for popular leisure destinations increase short-term booking uncertainty and could weigh near-term demand for summer bookings. Jet2, TUI, easyJet update travel advice as Foreign Office issues warnings
- Negative Sentiment: Reports of a drone strike at RAF Akrotiri prompted company updates on Cyprus services — operational-security escalation that can increase insurance, fuel and routing costs and heighten near-term volatility. Jet2 issues Cyprus update after drone strike at RAF Akrotiri
Analysts Set New Price Targets
A number of research firms have recently issued reports on JET2. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 2,100 price objective on shares of Jet2 in a report on Thursday, November 20th. Canaccord Genuity Group restated a "buy" rating and issued a GBX 2,250 target price on shares of Jet2 in a research report on Wednesday, November 12th. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 2,150 price target on shares of Jet2 in a research report on Monday, November 24th. JPMorgan Chase & Co. downgraded shares of Jet2 to a "neutral" rating and decreased their price target for the stock from GBX 1,850 to GBX 1,450 in a research note on Monday, December 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Jet2 from GBX 2,059 to GBX 1,857 and set a "buy" rating for the company in a report on Wednesday, November 19th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,917.83.
View Our Latest Analysis on JET2
Jet2 Company Profile
(
Get Free Report)
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.
Further Reading
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