Jet2 (LON:JET2) Sets New 12-Month High – What’s Next?

Jet2 plc (LON:JET2) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 1,785 ($23.84) and last traded at GBX 1,784 ($23.83), with a volume of 256973 shares. The stock had previously closed at GBX 1,763 ($23.55).

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JET2. Royal Bank of Canada restated an “outperform” rating and set a GBX 2,100 ($28.05) target price on shares of Jet2 in a research report on Thursday, February 20th. Canaccord Genuity Group restated a “buy” rating and set a GBX 2,050 ($27.38) target price on shares of Jet2 in a research report on Wednesday, March 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 2,077 ($27.74).

Jet2 Trading Up 1.1%

The business’s 50-day moving average price is GBX 1,419.03 and its two-hundred day moving average price is GBX 1,476.08. 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 firm has a market cap of £3.80 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27.

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.