Jet2 plc (LON:JET2 – Get Free Report)’s share price reached a new 52-week high on Monday . The company traded as high as GBX 1,647 ($20.87) and last traded at GBX 1,566 ($19.84), with a volume of 7229 shares changing hands. The stock had previously closed at GBX 1,573 ($19.93).
Analyst Upgrades and Downgrades
JET2 has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Jet2 from GBX 2,240 ($28.38) to GBX 2,385 ($30.22) and gave the stock a “buy” rating in a research report on Friday, November 22nd. Canaccord Genuity Group boosted their price objective on Jet2 from GBX 1,900 ($24.08) to GBX 2,050 ($25.98) and gave the stock a “buy” rating in a report on Thursday, November 21st.
Get Our Latest Research Report on Jet2
Jet2 Trading Down 0.1 %
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 ($0.06) dividend. The ex-dividend date is Thursday, January 2nd. This represents a dividend yield of 0.31%. Jet2’s payout ratio is presently 882.35%.
Insider Activity at Jet2
In related news, insider Rachel Kentleton purchased 1,801 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of GBX 1,403 ($17.78) per share, for a total transaction of £25,268.03 ($32,017.27). Also, insider Angela Luger acquired 900 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average price of GBX 1,395 ($17.68) per share, for a total transaction of £12,555 ($15,908.51). 20.92% of the stock is currently owned by company insiders.
Jet2 Company Profile
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.
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