Jet2 (LON:JET2) Hits New 52-Week Low – What’s Next?

Shares of Jet2 plc (LON:JET2) reached a new 52-week low on Monday . The company traded as low as GBX 1,247 ($16.12) and last traded at GBX 1,251.42 ($16.18), with a volume of 365476 shares. The stock had previously closed at GBX 1,278 ($16.52).

Analysts Set New Price Targets

JET2 has been the subject of a number of research reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 2,050 ($26.50) price objective on shares of Jet2 in a research note on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 2,100 ($27.15) target price on shares of Jet2 in a research report on Thursday, February 20th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 2,077 ($26.85).

Jet2 Trading Up 0.1 %

The firm has a fifty day moving average of GBX 1,421.70 and a two-hundred day moving average of GBX 1,466.95. 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 company has a market cap of £2.65 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27.

Jet2 Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 2nd were paid 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 is currently 8.02%.

About Jet2

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.