Jet2 (LON:JET2) Sets New 1-Year High – Still a Buy?

Jet2 plc (LON:JET2)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 1,682 ($22.36) and last traded at GBX 1,672 ($22.23), with a volume of 46457 shares trading hands. The stock had previously closed at GBX 1,665.86 ($22.14).

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 2,050 ($27.25) price objective on shares of Jet2 in a research note on Wednesday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 2,100 ($27.91) price target on shares of Jet2 in a research note on Thursday, February 20th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Jet2 presently has a consensus rating of “Buy” and a consensus target price of GBX 2,077 ($27.61).

Jet2 Price Performance

The firm has a market capitalization of £3.54 billion, a PE ratio of 8.86, a P/E/G ratio of 9.34 and a beta of 2.27. The firm’s fifty day moving average price is GBX 1,349.59 and its 200 day moving average price is GBX 1,456.29. The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 103.30.

Jet2 Cuts Dividend

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