Jet2 (LON:JET2) Reaches New 12-Month Low – Should You Sell?

Jet2 plc (LON:JET2)’s share price hit a new 52-week low on Tuesday . The stock traded as low as GBX 1,029 and last traded at GBX 1,110, with a volume of 2489236 shares. The stock had previously closed at GBX 1,069.

Analysts Set New Price Targets

A number of brokerages have issued reports on JET2. Jefferies Financial Group restated a “buy” rating and set a GBX 2,100 target price on shares of Jet2 in a research report on Monday. Deutsche Bank Aktiengesellschaft cut their price target on Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating for the company in a research note on Friday. JPMorgan Chase & Co. downgraded Jet2 to a “neutral” rating and reduced their price target for the stock from GBX 1,850 to GBX 1,450 in a research report on Monday, December 1st. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 2,150 price objective on shares of Jet2 in a research note on Monday, November 24th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,851.17.

Jet2 Stock Down 0.3%

The firm has a 50 day simple moving average of GBX 1,225.65 and a two-hundred day simple moving average of GBX 1,324.16. The company has a quick ratio of 1.49, a current ratio of 1.40 and a debt-to-equity ratio of 61.57. The stock has a market capitalization of £2.05 billion, a P/E ratio of 4.74, a PEG ratio of 9.34 and a beta of 1.24.

Insider Buying and Selling

In other Jet2 news, insider Stephen Heapy acquired 2,349 shares of Jet2 stock in a transaction that occurred on Monday, March 2nd. The shares were acquired at an average cost of GBX 766 per share, with a total value of £17,993.34. Also, insider Gary Brown acquired 2,349 shares of Jet2 stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average cost of GBX 766 per share, for a total transaction of £17,993.34. Insiders acquired a total of 6,336 shares of company stock worth $5,737,896 in the last ninety days. 21.96% of the stock is owned by insiders.

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.