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Jet2 (LON:JET2) Reaches New 52-Week High - Time to Buy?

Jet2 logo with Consumer Cyclical background

Shares of Jet2 plc (LON:JET2 - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 1,568 ($20.18) and last traded at GBX 1,567.30 ($20.17), with a volume of 249582 shares changing hands. The stock had previously closed at GBX 1,535 ($19.75).

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada restated an "outperform" rating and issued a GBX 2,000 ($25.74) price objective on shares of Jet2 in a research note on Monday, July 15th.

View Our Latest Stock Report on JET2

Jet2 Stock Performance

The company has a market cap of £3.34 billion, a P/E ratio of 915.88, a PEG ratio of 9.34 and a beta of 2.27. The stock's 50-day moving average price is GBX 1,433.08 and its 200-day moving average price is GBX 1,383.01. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49.

Insider Transactions at Jet2

In other news, insider Angela Luger purchased 900 shares of Jet2 stock in a transaction that occurred on Wednesday, October 9th. The shares were bought at an average cost of GBX 1,395 ($17.95) per share, with a total value of £12,555 ($16,156.22). In other Jet2 news, insider Rachel Kentleton purchased 1,801 shares of Jet2 stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average price of GBX 1,403 ($18.05) per share, with a total value of £25,268.03 ($32,515.80). Also, insider Angela Luger purchased 900 shares of the company's stock in a transaction dated Wednesday, October 9th. The stock was bought at an average price of GBX 1,395 ($17.95) per share, with a total value of £12,555 ($16,156.22). Company insiders own 20.92% of the company's stock.

About Jet2

(Get Free Report)

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.

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