Jet2 (LON:JET2) Sets New 1-Year High – Here’s What Happened

Shares of Jet2 plc (LON:JET2) reached a new 52-week high on Tuesday . The stock traded as high as GBX 1,610 ($20.22) and last traded at GBX 1,595 ($20.03), with a volume of 199913 shares traded. The stock had previously closed at GBX 1,593 ($20.01).

Analysts Set New Price Targets

JET2 has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Jet2 from GBX 2,240 ($28.13) to GBX 2,385 ($29.95) and gave the company a “buy” rating in a research note on Friday. Canaccord Genuity Group lifted their price target on shares of Jet2 from GBX 1,900 ($23.86) to GBX 2,050 ($25.75) and gave the stock a “buy” rating in a research note on Thursday, November 21st.

Jet2 Trading Up 0.1 %

The business’s 50-day moving average price is GBX 1,448.06 and its 200-day moving average price is GBX 1,390.60. The firm has a market capitalization of £3.42 billion, a PE ratio of 937.06, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49.

Jet2 Cuts Dividend

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

Insider Transactions at Jet2

In other news, insider Rachel Kentleton acquired 1,801 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of GBX 1,403 ($17.62) per share, with a total value of £25,268.03 ($31,735.78). Also, insider Angela Luger acquired 900 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were purchased at an average price of GBX 1,395 ($17.52) per share, with a total value of £12,555 ($15,768.65). Insiders own 20.92% of the company’s stock.

About Jet2

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.