Jet2 (LON:JET2) Sets New 52-Week Low – Should You Sell?

Jet2 plc (LON:JET2)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 1,247 ($16.12) and last traded at GBX 1,251.42 ($16.18), with a volume of 365476 shares changing hands. The stock had previously closed at GBX 1,278 ($16.52).

Analyst Ratings Changes

A number of research firms have recently issued reports on JET2. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 2,050 ($26.51) price objective on shares of Jet2 in a research note on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,100 ($27.15) price target on shares of Jet2 in a research report on Thursday, February 20th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 2,077 ($26.86).

Jet2 Trading Down 2.3 %

The company has a 50 day moving average of GBX 1,430.71 and a two-hundred day moving average of GBX 1,469.96. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36. The stock has a market capitalization of £2.67 billion, a PE ratio of 6.68, a P/E/G ratio of 9.34 and a beta of 2.27.

Jet2 Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 2nd were given a dividend of GBX 4.40 ($0.06) per share. This represents a yield of 0.31%. The ex-dividend date was Thursday, January 2nd. Jet2’s dividend payout ratio is presently 8.02%.

About Jet2

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.