Hospitality Services

Jet2 PLC

Canaccord Genuity Raises Jet2 Price Target

Jet2 plc reaches 52-week high closing price

Jet2 Expands Summer Flight Schedule, Adds Birmingham to Greece Route

Jet2 announces winter expansion plan to increase flight capacity

JET2

Deutsche Bank remains selective on the European leisure sector for 2026, favoring hotels due to geopolitical and tariff uncertainties. It upgrades Accor to "buy" citing catalysts like Essendi disposal, while downgrading Elior to "hold" due to low liquidity. DB highlights "buy" ratings for Compass, Tui, Edenred, Melia, Jet2, OTB, Saga, and maintains "hold" for IHG, Whitbread, Sodexo, Pluxee, Scandic, and Elior.

Reuters

BUZZ-Deutsche Bank keeps selective approach on leisure for 2026, highlights hotels

Jet2 plc has achieved an A- rating in the CDP climate disclosure assessment, improving from a B rating last year. This reflects the company's progress in environmental reporting and climate governance. Jet2 has implemented measures such as a climate transition plan, new fuel-efficient aircraft, and increased use of electric ground service equipment. The company aims to reduce carbon emissions per passenger kilometre by 35% by 2035 compared to 2019 levels.

Jet2 plc Achieves A- Rating in CDP Climate Disclosure Assessment

Jet2 PLC announced the repurchase of 57,013 ordinary shares as part of its £100 million share buyback program, aiming to enhance shareholder value by reducing shares in circulation. Analysts rate the stock as a Buy with a £1529.00 price target, noting strong financial performance and strategic growth initiatives. However, concerns about cash flow and rising operational costs exist. Jet2 operates in the leisure travel industry, offering holiday packages and flights.

Tip Ranks

Jet2 PLC Advances Shareholder Value with Share Buyback

Jet2.com will start direct flights to Egypt in February 2027, with 14 weekly flights to Sharm El-Sheikh and Hurghada from UK cities, offering 169,000 seats in the first year. This initiative aims to boost UK tourism to Egypt, supported by joint advertising campaigns. The announcement was made by Egypt's Ministry of Tourism and Antiquities.

Zawya

SNG: UK’s Jet2.com to launch first direct flights to Egypt in February 2027

Deutsche Bank Aktiengesellschaft lowered its price target for Jet2 from GBX 2,059 to GBX 1,857, maintaining a "buy" rating. This suggests a potential upside of 39.77% from the previous close. Other firms like Royal Bank Of Canada and Canaccord Genuity also adjusted their targets, but the consensus remains a "buy" rating with a target of GBX 2,017.83. Jet2's shares traded at GBX 1,328.58, with a market cap of £2.51 billion.

Market Beat

Deutsche Bank Aktiengesellschaft Lowers Jet2 (LON:JET2) Price Target to GBX 1,857

Jet2 plc (LON:JET2) has received a consensus "Buy" rating from six brokerages, with an average target price of GBX 2,121.80. Analysts from Jefferies, Canaccord Genuity, Deutsche Bank, and Royal Bank of Canada have issued buy ratings with varying target prices. Jet2's shares traded at GBX 1,337, with a market cap of £2.53 billion. The company reported GBX 300.40 EPS for the quarter, with a net margin of 6.38% and a return on equity of 26.53%. Despite the buy rating, top analysts suggest other stocks may be better investments.

Jet2 plc (LON:JET2) Receives Consensus Rating of "Buy" from Brokerages

Morgan Stanley analyst Axel Stasse maintains a Hold rating on Jet2 PLC with a price target of p1,450.00. Despite a general Strong Buy consensus for Jet2 PLC, Stasse's average return is -5.9% with a 31.91% success rate. TipRanks offers a 60% discount on its Premium insights and research tools.

Morgan Stanley Remains a Hold on Jet2 PLC (DRTGF)

Jet2 boss Steve Heapy criticizes Labour ministers for treating the travel industry as a "cash cow" to fund public spending. He warns that increased taxes, such as air passenger duty, will raise airfares, making holidays unaffordable for low-income Britons. Heapy urges the government to reconsider further taxation, highlighting the economic impact on demand and the potential exclusion of poorer citizens from travel opportunities.

The telegraph

Labour treating travel industry ‘as a cash cow’, complains Jet2 boss

Jet2 shares rose 4.8% to 1365p after a viral Tiktok trend boosted passenger numbers and revenue. The airline saw a 5% revenue increase to £5.3bn and upped its interim dividend by 2% to 4.5p. Jet2 plans to expand capacity, including a new base at London Gatwick. The viral trend enhanced brand awareness among younger demographics.

cityam

Jet2 shares soar as Tiktok meme pays dividends

Analyst James Wheatcroft of Jefferies maintained a Buy rating on Jet2 PLC with a price target of p2,100.00, citing the company's strategic expansion and financial resilience. Jet2's investment in a new base at Gatwick is expected to impact short-term earnings but aims for profitability by FY29. The company's financial performance shows resilience with increased revenues and EBIT, supported by a share buyback program and increased interim dividend. Canaccord Genuity also reiterated a Buy rating with a p2,250.00 price target.

Jet2 PLC: Strategic Expansion and Financial Resilience Support Buy Rating

UK's FTSE 100 index is expected to open higher, with futures up 0.09%. Finance Minister Rachel Reeves plans to increase benefits spending in the upcoming budget. Median pay settlements rose to 3.3%. Oil prices fell due to increased U.S. inventories. Copper prices rose slightly, while gold edged lower due to a stronger dollar. London stocks fell amid cautious global markets. Key corporate updates include Smiths Group, Severn Trent, British Land, Jet2, Sage Group, Ithaca Energy, and Workspace.

Severn Trent Plc

UK Stocks-Factors to watch on Nov 19

SMGZY

Britain's FTSE 100 index is expected to open higher, with futures up 0.09%. Finance Minister Rachel Reeves plans to increase benefits spending in the upcoming budget. Median pay settlements rose to 3.3%. Oil prices fell due to rising U.S. inventories. Copper prices increased slightly, while gold edged lower amid a stronger dollar. London stocks fell, with financials extending losses. Key corporate updates include results from Smiths Group, Severn Trent, British Land, Jet2, Sage Group, Ithaca Energy, and Workspace.

Smiths Group

Factors to watch on Nov 19 

British low-cost airline and travel firm Jet2 on Wednesday said it would report annual results in line with expectations after posting a rise in interim operating profit, helped by robust demand for its flight-only offerings.The company, which said that the trend of bookings being made closer to departure dates was continuing, also announced a 100 million pounds ($131.4 million) share buyback. ($1 = 0.7612 pounds)