Jet2 (LON:JET2) Shares Up 0.6% – Should You Buy?

Jet2 plc (LON:JET2)’s share price was up 0.6% during mid-day trading on Tuesday . The stock traded as high as GBX 1,478 ($18.22) and last traded at GBX 1,474 ($18.17). Approximately 1,241,159 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 1,313,211 shares. The stock had previously closed at GBX 1,465 ($18.06).

Analyst Ratings Changes

JET2 has been the topic of a number of research reports. Canaccord Genuity Group raised their target price on shares of Jet2 from GBX 1,900 ($23.42) to GBX 2,050 ($25.27) and gave the stock a “buy” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their price objective on Jet2 from GBX 2,240 ($27.62) to GBX 2,385 ($29.40) and gave the stock a “buy” rating in a report on Friday, November 22nd.

Jet2 Stock Performance

The firm’s fifty day moving average price is GBX 1,546.66 and its 200 day moving average price is GBX 1,453.25. The firm has a market cap of £3.16 billion, a P/E ratio of 867.06, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36.

Jet2 (LON:JET2) last issued its quarterly earnings data on Thursday, November 21st. The company reported GBX 279.30 ($3.44) EPS for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 32.97%. Sell-side analysts expect that Jet2 plc will post 170.9134615 EPS for the current fiscal year.

Jet2 Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 2nd will be issued a GBX 4.40 ($0.05) dividend. This represents a dividend yield of 0.31%. The ex-dividend date is Thursday, January 2nd. Jet2’s dividend payout ratio is currently 882.35%.

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.