Jet2 plc (LON:JET2) Insider Rachel Kentleton Purchases 1,801 Shares

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

Jet2 Price Performance

Shares of JET2 stock opened at GBX 1,416 ($18.52) on Friday. The firm has a fifty day moving average of GBX 1,389.49 and a two-hundred day moving average of GBX 1,382.78. The firm has a market cap of £3.04 billion, a P/E ratio of 817.65, a P/E/G ratio of 9.34 and a beta of 2.27. Jet2 plc has a 1-year low of GBX 960 ($12.55) and a 1-year high of GBX 1,568 ($20.50). 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 Increases Dividend

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

Analyst Ratings Changes

JET2 has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,800 ($23.54) price objective on shares of Jet2 in a report on Friday, July 12th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,000 ($26.15) price target on shares of Jet2 in a report on Monday, July 15th. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 1,900 ($24.85) price objective on shares of Jet2 in a report on Thursday, July 11th.

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.