Jet2 (LON:JET2) Hits New 52-Week High at $1,524.00

Shares of Jet2 plc (LON:JET2) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 1,524 ($19.13) and last traded at GBX 1,496 ($18.78), with a volume of 19589 shares. The stock had previously closed at GBX 1,468 ($18.43).

Analysts Set New Price Targets

A number of brokerages have recently commented on JET2. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,800 ($22.60) target price on shares of Jet2 in a research report on Friday, February 16th. Canaccord Genuity Group raised their price objective on Jet2 from GBX 1,850 ($23.22) to GBX 1,900 ($23.85) and gave the stock a “buy” rating in a report on Thursday, February 15th.

Jet2 Stock Up 2.2 %

The company has a current ratio of 1.62, a quick ratio of 1.49 and a debt-to-equity ratio of 87.09. The firm has a market cap of £3.22 billion, a PE ratio of 806.59, a P/E/G ratio of 9.34 and a beta of 2.26. The business’s 50-day simple moving average is GBX 1,389.86 and its 200 day simple moving average is GBX 1,242.21.

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.