Jet2 PLC (DRTGF – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Jaina Mistry from Jefferies maintained a Buy rating on the stock and has a p2,200.00 price target.
Jaina Mistry’s rating is based on several positive indicators for Jet2 PLC. The company has initiated a substantial £250 million share buyback program, which reflects its strong cash flow and confidence in its ongoing operations. Additionally, the pricing trends for the summer of 2025 remain favorable and consistent with previous updates, suggesting robust demand and stable market conditions.
Furthermore, Jet2 PLC is expected to achieve earnings at the higher end of its guidance range for the fiscal year 2025, with projected earnings per share (EPS) increases of 3% for FY25 and 9% for FY26. This growth trajectory, coupled with the stock trading at a significant discount compared to historical valuations, presents an attractive opportunity for investors. These factors collectively underpin Jaina Mistry’s Buy rating for Jet2 PLC.
In another report released on April 25, Morgan Stanley also maintained a Buy rating on the stock with a p2,055.00 price target.