Home / Business and Economy / Jet2 Price Target Dips Amidst Travel Sector Volatility
Jet2 Price Target Dips Amidst Travel Sector Volatility
30 Nov
Summary
- Jet2's analyst price target saw a slight decrease to £19.37.
- Analyst sentiment on Jet2 remains mixed with varying price targets.
- Morgan Stanley initiated coverage with a 1,420 GBp price target.
Jet2's consensus analyst price target has seen a modest reduction, moving from £19.48 to £19.37, as research firms update their valuations. This adjustment occurs against a backdrop of ongoing headwinds within the broader leisure travel industry, prompting a re-evaluation of the company's stock performance and future outlook.
Analyst opinions on Jet2 present a divided picture. Morgan Stanley initiated coverage with an Equal Weight rating and a 1,420 GBp price target, later increasing it to 1,450 GBp, citing strong operational performance. Deutsche Bank maintained a Buy rating with a lowered target of 1,857 GBp, highlighting Jet2's resilience and cost management. However, JPMorgan revised its target down to 1,850 GBp, and RBC Capital also reduced its target, reflecting concerns about upside potential.
These differing perspectives underscore the mixed sentiment surrounding Jet2. While some analysts praise the company's execution and operational track record, others express caution due to valuation concerns and intense competition within the sector. The recent price target adjustments signal a careful balancing act by market experts as they weigh Jet2's strengths against prevailing industry challenges.
