Jet2 (LON:JET2) Sets New 1-Year High – Time to Buy?

Jet2 plc (LON:JET2) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 1,652 ($21.11) and last traded at GBX 1,647 ($21.04), with a volume of 145751 shares changing hands. The stock had previously closed at GBX 1,624 ($20.75).

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on JET2 shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Jet2 from GBX 2,240 ($28.62) to GBX 2,385 ($30.47) and gave the company a “buy” rating in a report on Friday, November 22nd. Canaccord Genuity Group raised their price target on shares of Jet2 from GBX 1,900 ($24.27) to GBX 2,050 ($26.19) and gave the stock a “buy” rating in a research note on Thursday, November 21st.

Jet2 Trading Up 0.2 %

The company’s 50 day moving average price is GBX 1,485.90 and its two-hundred day moving average price is GBX 1,407.82. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49. The stock has a market capitalization of £3.55 billion, a PE ratio of 971.18, a P/E/G ratio of 9.34 and a beta of 2.27.

Jet2 Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 2nd will be given a dividend of GBX 4.40 ($0.06) per share. This represents a yield of 0.31%. The ex-dividend date of this dividend is Thursday, January 2nd. Jet2’s payout ratio is currently 882.35%.

Insider Buying and Selling

In other news, insider Angela Luger acquired 900 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average cost of GBX 1,395 ($17.82) per share, for a total transaction of £12,555 ($16,040.63). Also, insider Rachel Kentleton acquired 1,801 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average price of GBX 1,403 ($17.93) per share, with a total value of £25,268.03 ($32,283.16). 20.92% of the stock is owned by company insiders.

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.