Jet2 (LON:JET2) Stock Price Down 0.4% – Here’s What Happened

Jet2 plc (LON:JET2) dropped 0.4% on Monday . The stock traded as low as GBX 1,523 ($19.11) and last traded at GBX 1,560 ($19.57). Approximately 137,971 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 550,930 shares. The stock had previously closed at GBX 1,566 ($19.65).

Wall Street Analysts Forecast Growth

JET2 has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Jet2 from GBX 2,240 ($28.11) to GBX 2,385 ($29.92) and gave the stock a “buy” rating in a research report on Friday, November 22nd. Canaccord Genuity Group raised their target price on Jet2 from GBX 1,900 ($23.84) to GBX 2,050 ($25.72) and gave the company a “buy” rating in a research report on Thursday, November 21st.

Jet2 Stock Performance

The company’s 50-day simple moving average is GBX 1,534.39 and its 200-day simple moving average is GBX 1,431.34. The stock has a market cap of £3.35 billion, a price-to-earnings ratio of 917.65, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30.

Jet2 Cuts Dividend

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

Insider Activity

In other news, insider Angela Luger bought 900 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were acquired at an average cost of GBX 1,395 ($17.50) per share, with a total value of £12,555 ($15,752.82). 20.92% of the stock is currently 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.