Jet2 (LON:JET2) Price Target Raised to GBX 2,050 at Canaccord Genuity Group

Jet2 (LON:JET2) had its price objective hoisted by Canaccord Genuity Group from GBX 1,900 ($23.93) to GBX 2,050 ($25.82) in a research report report published on Thursday, Marketbeat reports. They currently have a buy rating on the stock.

Jet2 Price Performance

JET2 stock opened at GBX 1,513 ($19.05) on Thursday. The firm has a market cap of £3.25 billion, a price-to-earnings ratio of 890.00, a PEG ratio of 9.34 and a beta of 2.27. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30. Jet2 has a 12-month low of GBX 1,066 ($13.42) and a 12-month high of GBX 1,600 ($20.15). The company’s fifty day simple moving average is GBX 1,444.32 and its 200 day simple moving average is GBX 1,388.85.

Jet2 Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 2nd will be issued a GBX 4.40 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a yield of 0.31%. Jet2’s payout ratio is 882.35%.

Insider Activity at Jet2

In related news, insider Angela Luger purchased 900 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was purchased at an average cost of GBX 1,395 ($17.57) per share, with a total value of £12,555 ($15,810.35). Also, insider Rachel Kentleton purchased 1,801 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was bought at an average cost of GBX 1,403 ($17.67) per share, with a total value of £25,268.03 ($31,819.71). 20.92% of the stock is owned by company insiders.

Jet2 Company Profile

Jet2 plc, together with its subsidiaries, engages in the leisure travel business primarily in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the package holiday and non-ticket retail activities, as well as passenger and charter aircraft operations.