Jet2 (LON:JET2) Sets New 1-Year High – Here’s What Happened

Jet2 plc (LON:JET2)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,610 ($20.22) and last traded at GBX 1,595 ($20.03), with a volume of 199913 shares. The stock had previously closed at GBX 1,593 ($20.01).

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Jet2 from GBX 2,240 ($28.13) to GBX 2,385 ($29.95) and gave the stock a “buy” rating in a research report on Friday. Canaccord Genuity Group raised their price objective on shares of Jet2 from GBX 1,900 ($23.86) to GBX 2,050 ($25.75) and gave the company a “buy” rating in a research note on Thursday, November 21st.

Jet2 Stock Performance

The firm has a fifty day moving average of GBX 1,448.06 and a 200-day moving average of GBX 1,390.60. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30. The stock has a market capitalization of £3.42 billion, a price-to-earnings ratio of 937.06, a PEG ratio of 9.34 and a beta of 2.27.

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 paid a dividend of GBX 4.40 ($0.06) per share. This represents a dividend yield of 0.31%. The ex-dividend date is Thursday, January 2nd. Jet2’s dividend payout ratio (DPR) is presently 882.35%.

Insider Buying and Selling

In related news, insider Angela Luger acquired 900 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were acquired at an average price of GBX 1,395 ($17.52) per share, with a total value of £12,555 ($15,768.65). Also, insider Rachel Kentleton bought 1,801 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average cost of GBX 1,403 ($17.62) per share, with a total value of £25,268.03 ($31,735.78). Insiders own 20.92% of the company’s stock.

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.