Jet2 (LON:JET2) Shares Down 0.4% – Should You Sell?
by Michael Walen · The Markets DailyJet2 plc (LON:JET2 – Get Free Report)’s share price was down 0.4% on Monday . The stock traded as low as GBX 1,325 and last traded at GBX 1,340. Approximately 380,295 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 3,221,034 shares. The stock had previously closed at GBX 1,346.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on JET2 shares. JPMorgan Chase & Co. dropped their price objective on Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,800 target price on shares of Jet2 in a report on Wednesday, April 29th. Royal Bank Of Canada dropped their target price on Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating on the stock in a research report on Friday, March 20th. Finally, Canaccord Genuity Group lowered shares of Jet2 to a “buy” rating and lowered their price objective for the company from GBX 2,350 to GBX 1,900 in a research note on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,642.83.
Get Our Latest Research Report on Jet2
Jet2 Price Performance
The company has a debt-to-equity ratio of 61.57, a quick ratio of 1.49 and a current ratio of 1.40. The company has a market capitalization of £2.42 billion, a PE ratio of 5.72, a P/E/G ratio of 9.34 and a beta of 1.18. The company’s 50-day simple moving average is GBX 1,194.39 and its 200-day simple moving average is GBX 1,234.58.
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.