Jet2 (LON:JET2) Stock Price Down 0.4% - Time to Sell?

Jet2 plc (LON:JET2 - Get Free Report) shares were down 0.4% on Monday . The stock traded as low as GBX 1,523 ($19.06) and last traded at GBX 1,560 ($19.52). Approximately 137,971 shares were traded during trading, a decline of 75% from the average daily volume of 550,930 shares. The stock had previously closed at GBX 1,566 ($19.60).

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JET2. Deutsche Bank Aktiengesellschaft boosted their target price on Jet2 from GBX 2,240 ($28.03) to GBX 2,385 ($29.85) and gave the stock a "buy" rating in a research report on Friday, November 22nd. Canaccord Genuity Group increased their target price on Jet2 from GBX 1,900 ($23.78) to GBX 2,050 ($25.65) and gave the company a "buy" rating in a report on Thursday, November 21st.

Jet2 Trading Up 1.5 %

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 has a market capitalization of £3.40 billion, a P/E ratio of 931.18, a P/E/G ratio of 9.34 and a beta of 2.27. The business's fifty day simple moving average is GBX 1,539.75 and its two-hundred day simple moving average is GBX 1,435.06.

Jet2 Cuts Dividend

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

Insiders Place Their Bets

In related news, insider Angela Luger acquired 900 shares of the stock in a transaction dated Wednesday, October 9th. The shares were bought at an average cost of GBX 1,395 ($17.46) per share, for a total transaction of £12,555 ($15,711.43). Corporate insiders own 20.92% of the company's stock.

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.