Insider Buying: Jet2 plc (LON:JET2) Insider Purchases £25,268.03 in Stock

Jet2 plc (LON:JET2) insider Rachel Kentleton purchased 1,801 shares of Jet2 stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of GBX 1,403 ($18.35) per share, with a total value of £25,268.03 ($33,043.06).

Jet2 Stock Performance

Shares of LON JET2 opened at GBX 1,418 ($18.54) on Monday. Jet2 plc has a 12-month low of GBX 960 ($12.55) and a 12-month high of GBX 1,568 ($20.50). The firm has a market capitalization of £3.04 billion, a price-to-earnings ratio of 834.12, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. 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 firm has a 50 day moving average of GBX 1,391.63 and a 200 day moving average of GBX 1,382.72.

Jet2 Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Thursday, September 19th will be given a dividend of GBX 10.70 ($0.14) per share. This is an increase from Jet2’s previous dividend of $4.00. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 0.83%. Jet2’s payout ratio is presently 882.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,900 ($24.85) target price on shares of Jet2 in a research report on Thursday, July 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 ($26.15) price objective on shares of Jet2 in a report on Monday, July 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,800 ($23.54) price objective on shares of Jet2 in a research report on Friday, July 12th.

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.