Jet2 plc (LON:JET2 - Get Free Report) traded down 0.6% on Wednesday . The company 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 Ratings Changes
A number of equities research analysts have weighed in on the company. Canaccord Genuity Group raised 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 report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on Jet2 from GBX 2,240 ($28.38) to GBX 2,385 ($30.22) and gave the stock a "buy" rating in a report on Friday, November 22nd. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a GBX 2,100 ($26.61) target price on shares of Jet2 in a research note on Thursday.
Read Our Latest Analysis on JET2
Jet2 Stock Up 2.9 %
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 current ratio of 1.36 and a quick ratio of 1.49. The company has a market capitalization of £2.95 billion, a P/E ratio of 7.38, a PEG ratio of 9.34 and a beta of 2.27.
Jet2 (LON:JET2 - Get Free Report) last posted its quarterly earnings data on Thursday, November 21st. The company reported GBX 279.30 ($3.54) earnings per share for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. As a group, equities analysts anticipate that Jet2 plc will post 170.9134615 EPS for the current year.
Jet2 Cuts Dividend
The company also recently disclosed 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 payout ratio is currently 8.02%.
Jet2 Company Profile
(
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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.
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