Jet2 (LON:JET2) Shares Down 0.6% – Should You Sell?

Shares of Jet2 plc (LON:JET2) traded down 0.6% during trading on Wednesday . The company traded as low as GBX 1,565 ($19.83) and last traded at GBX 1,565 ($19.83). 340,046 shares traded hands during trading, a decline of 60% from the average session volume of 851,184 shares. The stock had previously closed at GBX 1,575 ($19.96).

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 2,100 ($26.61) price target on shares of Jet2 in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on Jet2 from GBX 2,240 ($28.38) to GBX 2,385 ($30.22) and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Canaccord Genuity Group upped their price target 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.

Jet2 Stock Performance

The stock has a market capitalization of £2.98 billion, a P/E ratio of 7.45, a PEG ratio of 9.34 and a beta of 2.27. The firm has a 50-day moving average of GBX 1,519.36 and a 200 day moving average of GBX 1,475.03. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30.

Jet2 (LON:JET2) last issued its earnings results on Thursday, November 21st. The company reported GBX 279.30 ($3.54) EPS for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. Research analysts anticipate that Jet2 plc will post 170.9134615 EPS for the current fiscal year.

Jet2 Cuts Dividend

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