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

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

Analysts Set New Price Targets

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

Jet2 Stock Performance

The firm has a market cap 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 business has a 50 day simple moving average of GBX 1,251.41 and a two-hundred day simple moving average of GBX 1,337.13. The company has a quick ratio of 1.49, a current ratio of 1.40 and a debt-to-equity ratio of 61.57.

Insider Transactions at Jet2

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

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.