Jet2 (LON:JET2) Hits New 52-Week High – Still a Buy?

Shares of Jet2 plc (LON:JET2) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,744 ($22.98) and last traded at GBX 1,741.46 ($22.94), with a volume of 22288 shares traded. The stock had previously closed at GBX 1,715 ($22.60).

Analysts Set New Price Targets

Several brokerages have issued reports on JET2. Canaccord Genuity Group restated a “buy” rating and set a GBX 2,050 ($27.01) price objective on shares of Jet2 in a research report on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and set a GBX 2,100 ($27.67) price objective on shares of Jet2 in a research report on Thursday, February 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Jet2 currently has an average rating of “Buy” and an average target price of GBX 2,077 ($27.36).

Jet2 Price Performance

The company’s 50-day simple moving average is GBX 1,381.24 and its 200-day simple moving average is GBX 1,465.21. The stock has a market capitalization of £3.72 billion, a price-to-earnings ratio of 9.33, a P/E/G ratio of 9.34 and a beta of 2.27. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49.

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.