Jet2 (LON:JET2) Sets New 12-Month Low – Time to Sell?

Jet2 plc (LON:JET2) shares reached a new 52-week low on Thursday . The stock traded as low as GBX 1,081.61 and last traded at GBX 1,087.28, with a volume of 1096554 shares changing hands. The stock had previously closed at GBX 1,155.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on JET2 shares. JPMorgan Chase & Co. downgraded shares of Jet2 to a “neutral” rating and cut their target price for the stock from GBX 1,850 to GBX 1,450 in a research report on Monday, December 1st. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,100 price target on shares of Jet2 in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft cut their price objective on Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating for the company in a report on Wednesday, November 19th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 2,150 price objective on shares of Jet2 in a research report on Monday, November 24th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 2,250 target price on shares of Jet2 in a report on Wednesday, November 12th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,917.83.

Jet2 Price Performance

The company has a market capitalization of £2.01 billion, a P/E ratio of 4.64, a price-to-earnings-growth ratio of 9.34 and a beta of 1.24. The company has a debt-to-equity ratio of 61.57, a current ratio of 1.40 and a quick ratio of 1.49. The firm’s 50-day moving average is GBX 1,277.09 and its 200-day moving average is GBX 1,354.42.

Insider Transactions at Jet2

In related news, insider Stephen Heapy acquired 2,349 shares of Jet2 stock in a transaction dated Monday, March 2nd. The stock was purchased at an average cost of GBX 766 per share, for a total transaction of £17,993.34. Also, insider Rachel Kentleton bought 1,638 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was bought at an average cost of GBX 1,306 per share, for a total transaction of £21,392.28. Insiders have acquired 6,336 shares of company stock worth $5,737,896 in the last 90 days. 21.96% of the stock is currently owned by insiders.

About Jet2

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.