Jet2 (OTCMKTS:DRTGF) Trading Up 4% – Still a Buy?

Jet2 plc (OTCMKTS:DRTGF) shares were up 4% during mid-day trading on Monday . The stock traded as high as $17.73 and last traded at $17.6952. Approximately 950 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 6,260 shares. The stock had previously closed at $17.0150.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DRTGF shares. Deutsche Bank Aktiengesellschaft lowered Jet2 from a “buy” rating to a “hold” rating in a research report on Thursday, April 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Jet2 in a research report on Thursday, April 30th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Jet2 presently has a consensus rating of “Moderate Buy”.

Jet2 Stock Performance

The business has a 50-day simple moving average of $15.64 and a two-hundred day simple moving average of $16.60.

Jet2 Company Profile

Jet2 plc, trading on the OTC Markets under the symbol DRTGF, is a UK-based leisure airline and holiday provider. Through its subsidiaries Jet2.com and Jet2holidays, the company operates scheduled low-cost flights and packages to popular holiday destinations across Europe. The group serves leisure travelers primarily from the United Kingdom, offering one-way and return flights alongside tailored package deals that combine flights, accommodation, transfers, and additional services.

The core of Jet2’s operations is its scheduled passenger airline, Jet2.com, which flies from more than a dozen UK airports including Birmingham, Manchester and London Stansted.