Jet2 (LON:JET2) Shares Up 0.6% - Still a Buy?

Jet2 plc (LON:JET2 - Get Free Report)'s share price traded up 0.6% on Tuesday . The stock traded as high as GBX 1,478 ($18.22) and last traded at GBX 1,474 ($18.17). 1,241,159 shares were traded during trading, a decline of 5% from the average session volume of 1,313,211 shares. The stock had previously closed at GBX 1,465 ($18.06).

Wall Street Analyst Weigh In

Several equities research analysts have commented on JET2 shares. Canaccord Genuity Group increased their price objective on shares of Jet2 from GBX 1,900 ($23.42) to GBX 2,050 ($25.27) and gave the company a "buy" rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price target on Jet2 from GBX 2,240 ($27.62) to GBX 2,385 ($29.40) and gave the stock a "buy" rating in a report on Friday, November 22nd.

Jet2 Trading Down 1.1 %

The stock's 50 day simple moving average is GBX 1,544.87 and its two-hundred day simple moving average is GBX 1,454.53. The stock has a market capitalization of £3.13 billion, a PE ratio of 857.53, a PEG ratio of 9.34 and a beta of 2.27. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49.

Jet2 (LON:JET2 - Get Free Report) last posted its quarterly earnings data on Thursday, November 21st. The company reported GBX 279.30 ($3.44) EPS for the quarter. Jet2 had a return on equity of 32.97% and a net margin of 6.38%. On average, sell-side analysts expect that Jet2 plc will post 170.9134615 EPS for the current year.

Jet2 Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 2nd will be paid a GBX 4.40 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a dividend yield of 0.31%. Jet2's payout ratio is 882.35%.

About Jet2

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.