Jet2 (LON:JET2) Hits New 52-Week Low – Here’s What Happened

Jet2 plc (LON:JET2)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as GBX 1,076 and last traded at GBX 1,090, with a volume of 574385 shares changing hands. The stock had previously closed at GBX 1,083.

Analyst Upgrades and Downgrades

JET2 has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,150 price objective on shares of Jet2 in a research note on Monday, November 24th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,100 target price on shares of Jet2 in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating for the company in a report on Wednesday, November 19th. Panmure Gordon reissued a “buy” rating and set a GBX 1,700 price target on shares of Jet2 in a report on Thursday, November 20th. Finally, JPMorgan Chase & Co. cut Jet2 to a “neutral” rating and decreased their price target for the company from GBX 1,850 to GBX 1,450 in a report on Monday, December 1st. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,917.83.

Jet2 Stock Up 2.3%

The business has a 50-day moving average of GBX 1,251.41 and a 200 day moving average of GBX 1,337.13. The company has a market capitalization of £2.07 billion, a PE ratio of 4.77, a P/E/G 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.

Insider Transactions at Jet2

In other news, insider Gary Brown acquired 2,349 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average cost of GBX 766 per share, with a total value of £17,993.34. Also, insider Rachel Kentleton bought 1,638 shares of the stock in a transaction dated Wednesday, February 18th. The shares were purchased at an average price of GBX 1,306 per share, with a total value of £21,392.28. Insiders have bought 6,336 shares of company stock valued at $5,737,896 in the last ninety days. Corporate insiders own 21.96% of the company’s stock.

Jet2 Company Profile

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.