Jet2 (LON:JET2) Hits New 12-Month Low - Time to Sell?

Shares of Jet2 plc (LON:JET2 - Get Free Report) hit a new 52-week low on Monday . The company traded as low as GBX 1,247 ($16.34) and last traded at GBX 1,251.42 ($16.40), with a volume of 365476 shares trading hands. The stock had previously closed at GBX 1,278 ($16.75).

Analyst Upgrades and Downgrades

Several research firms have issued reports on JET2. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 2,050 ($26.86) target price on shares of Jet2 in a research note on Wednesday, March 12th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a GBX 2,100 ($27.52) price objective on shares of Jet2 in a research report on Thursday, February 20th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Jet2 presently has a consensus rating of "Buy" and a consensus price target of GBX 2,077 ($27.21).

Jet2 Stock Performance

The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30. The company has a market capitalization of £2.53 billion, a PE ratio of 6.33, a PEG ratio of 9.34 and a beta of 2.27. The business has a 50 day simple moving average of GBX 1,412.53 and a 200 day simple moving average of GBX 1,464.82.

Jet2 Cuts Dividend

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