Jet2 (LON:JET2) Hits New 12-Month High - Still a Buy?

Jet2 plc (LON:JET2 - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 1,647 ($20.92) and last traded at GBX 1,566 ($19.89), with a volume of 7229 shares trading hands. The stock had previously closed at GBX 1,573 ($19.98).

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on JET2 shares. Canaccord Genuity Group boosted their price objective on shares of Jet2 from GBX 1,900 ($24.13) to GBX 2,050 ($26.04) and gave the stock a "buy" rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Jet2 from GBX 2,240 ($28.45) to GBX 2,385 ($30.29) and gave the stock a "buy" rating in a research note on Friday, November 22nd.

Jet2 Stock Performance

The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 103.30. The stock's 50 day moving average price is GBX 1,462.73 and its 200 day moving average price is GBX 1,397.10. The company has a market cap of £3.32 billion, a price-to-earnings ratio of 910.59, a P/E/G ratio of 9.34 and a beta of 2.27.

Jet2 Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 2nd will be given a dividend of GBX 4.40 ($0.06) per share. The ex-dividend date is Thursday, January 2nd. This represents a yield of 0.31%. Jet2's dividend payout ratio (DPR) is 882.35%.

Insider Transactions at Jet2

In related news, insider Angela Luger acquired 900 shares of the firm's stock in a transaction on Wednesday, October 9th. The stock was bought at an average cost of GBX 1,395 ($17.72) per share, with a total value of £12,555 ($15,946.91). Also, insider Rachel Kentleton acquired 1,801 shares of the business's stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of GBX 1,403 ($17.82) per share, for a total transaction of £25,268.03 ($32,094.54). Company insiders own 20.92% of the company's stock.

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.