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

Jet2 plc (LON:JET2Get Free Report)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 1,029 and last traded at GBX 1,110, with a volume of 2489236 shares trading hands. The stock had previously closed at GBX 1,069.

Key Headlines Impacting Jet2

Here are the key news stories impacting Jet2 this week:

Analysts Set New Price Targets

Several brokerages recently issued reports on JET2. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,100 price objective on shares of Jet2 in a report on Monday. JPMorgan Chase & Co. downgraded shares of Jet2 to a “neutral” rating and reduced their price target for the company from GBX 1,850 to GBX 1,450 in a research note on Monday, December 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating for the company in a research report on Friday, March 20th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,851.17.

Read Our Latest Report on Jet2

Jet2 Price Performance

The company has a market capitalization of £2.07 billion, a PE ratio of 4.77, 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 stock’s 50 day simple moving average is GBX 1,218.05 and its 200-day simple moving average is GBX 1,320.25.

Insiders Place Their Bets

In other Jet2 news, insider Gary Brown purchased 2,349 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average price of GBX 766 per share, with a total value of £17,993.34. Also, insider Stephen Heapy purchased 2,349 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was acquired at an average price of GBX 766 per share, with a total value of £17,993.34. Insiders have acquired a total of 6,336 shares of company stock worth $5,737,896 in the last ninety days. 21.96% of the stock is owned by corporate insiders.

Jet2 Company Profile

(Get Free Report)

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.

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