Jet2 (LON:JET2) Shares Down 0.5% – Time to Sell?

Jet2 plc (LON:JET2) dropped 0.5% during trading on Wednesday . The stock traded as low as GBX 1,203.19 and last traded at GBX 1,213.81. Approximately 440,662 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 3,128,612 shares. The stock had previously closed at GBX 1,220.

Wall Street Analyst Weigh In

JET2 has been the subject of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,100 target price on shares of Jet2 in a report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating on the stock in a research note on Friday, March 20th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,851.17.

Jet2 Trading Up 2.5%

The company has a market capitalization of £2.18 billion, a PE ratio of 5.10, a PEG ratio of 9.34 and a beta of 1.22. The company has a fifty day simple moving average of GBX 1,185.33 and a 200-day simple moving average of GBX 1,290.84. The company has a current ratio of 1.40, a quick ratio of 1.49 and a debt-to-equity ratio of 61.57.

Insider Activity at Jet2

In other news, insider Gary Brown bought 2,349 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were bought at an average cost of GBX 766 per share, for a total transaction of £17,993.34. Also, insider Stephen Heapy purchased 2,349 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was purchased at an average cost of GBX 766 per share, with a total value of £17,993.34. Over the last quarter, insiders bought 6,336 shares of company stock valued at $5,737,896. 21.50% of the stock is owned by company insiders.

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.