Jet2 (LON:JET2) Sets New 12-Month High - Time to Buy?

Jet2 plc (LON:JET2 - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 1,652 ($21.06) and last traded at GBX 1,647 ($20.99), with a volume of 145751 shares trading hands. The stock had previously closed at GBX 1,624 ($20.70).

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JET2. Canaccord Genuity Group lifted their price objective on Jet2 from GBX 1,900 ($24.22) to GBX 2,050 ($26.13) and gave the company a "buy" rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Jet2 from GBX 2,240 ($28.55) to GBX 2,385 ($30.40) and gave the stock a "buy" rating in a research note on Friday, November 22nd.

Jet2 Stock Up 0.7 %

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 firm has a 50 day simple moving average of GBX 1,481.20 and a two-hundred day simple moving average of GBX 1,405.76. The company has a market capitalization of £3.51 billion, a PE ratio of 968.82, a P/E/G ratio of 9.34 and a beta of 2.27.

Jet2 Cuts Dividend

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

Insider Activity at Jet2

In other news, insider Angela Luger purchased 900 shares of the stock in a transaction dated Wednesday, October 9th. The stock was acquired at an average cost of GBX 1,395 ($17.78) per share, for a total transaction of £12,555 ($16,003.82). Also, insider Rachel Kentleton purchased 1,801 shares of the business's stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of GBX 1,403 ($17.88) per share, with a total value of £25,268.03 ($32,209.09). 20.92% of the stock is currently owned by company insiders.

About Jet2

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.