Jet2 (LON:JET2) Trading Up 1.7% - Should You Buy?

Shares of Jet2 plc (LON:JET2 - Get Free Report) rose 1.7% during trading on Wednesday . The stock traded as high as GBX 1,557 ($19.60) and last traded at GBX 1,538 ($19.36). Approximately 392,124 shares changed hands during trading, a decline of 56% from the average daily volume of 892,210 shares. The stock had previously closed at GBX 1,512 ($19.03).

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Canaccord Genuity Group raised their price target on Jet2 from GBX 1,900 ($23.91) to GBX 2,050 ($25.80) and gave the company a "buy" rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their target price on Jet2 from GBX 2,240 ($28.19) to GBX 2,385 ($30.02) and gave the company a "buy" rating in a research report on Friday, November 22nd.

Jet2 Price Performance

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 company has a 50 day moving average price of GBX 1,532.82 and a 200 day moving average price of GBX 1,473.14. The company has a market capitalization of £3.30 billion, a P/E ratio of 8.27, a P/E/G ratio of 9.34 and a beta of 2.27.

Jet2 (LON:JET2 - Get Free Report) last posted its quarterly earnings results on Thursday, November 21st. The company reported GBX 279.30 ($3.52) EPS for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. On average, equities analysts predict that Jet2 plc will post 170.9134615 EPS for the current fiscal year.

Jet2 Cuts Dividend

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