Jet2 (LON:JET2) Shares Down 0.6% – Should You Sell?

Jet2 plc (LON:JET2)’s stock price fell 0.6% on Wednesday . The stock traded as low as GBX 1,565 ($19.83) and last traded at GBX 1,565 ($19.83). 340,046 shares traded hands during trading, a decline of 60% from the average session volume of 851,184 shares. The stock had previously closed at GBX 1,575 ($19.96).

Analyst Upgrades and Downgrades

Several research firms have weighed in on JET2. Deutsche Bank Aktiengesellschaft lifted their target price on Jet2 from GBX 2,240 ($28.38) to GBX 2,385 ($30.22) and gave the company a “buy” rating in a research note on Friday, November 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 2,100 ($26.61) target price on shares of Jet2 in a research note on Thursday. Finally, Canaccord Genuity Group boosted their price target on Jet2 from GBX 1,900 ($24.08) to GBX 2,050 ($25.98) and gave the company a “buy” rating in a research note on Thursday, November 21st.

Jet2 Trading Up 3.9 %

The firm has a market cap of £2.98 billion, a P/E ratio of 7.45, a PEG ratio of 9.34 and a beta of 2.27. The company has a 50 day moving average of GBX 1,519.36 and a 200 day moving average of GBX 1,475.03. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36.

Jet2 (LON:JET2) last announced its quarterly earnings results on Thursday, November 21st. The company reported GBX 279.30 ($3.54) EPS for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. Analysts predict that Jet2 plc will post 170.9134615 EPS for the current fiscal year.

Jet2 Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 2nd were issued a GBX 4.40 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a yield of 0.31%. Jet2’s dividend payout ratio (DPR) is currently 8.02%.

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.