Jet2 (LON:JET2) Trading Down 0.4% – Time to Sell?

Shares of Jet2 plc (LON:JET2) fell 0.4% on Monday . The company traded as low as GBX 1,325 and last traded at GBX 1,340. Approximately 380,295 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 3,221,034 shares. The stock had previously closed at GBX 1,346.

Wall Street Analyst Weigh In

Several analysts have issued reports on JET2 shares. JPMorgan Chase & Co. reduced their price target on shares of Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,800 price objective on shares of Jet2 in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft lowered their target price on Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating on the stock in a report on Friday, March 20th. Royal Bank Of Canada dropped their price target on Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Finally, Canaccord Genuity Group downgraded Jet2 to a “buy” rating and reduced their price objective for the company from GBX 2,350 to GBX 1,900 in a research report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Jet2 presently has an average rating of “Moderate Buy” and an average price target of GBX 1,642.83.

Jet2 Stock Performance

The company has a market cap of £2.42 billion, a price-to-earnings ratio of 5.72, a P/E/G ratio of 9.34 and a beta of 1.18. The company has a current ratio of 1.40, a quick ratio of 1.49 and a debt-to-equity ratio of 61.57. The stock’s 50 day moving average price is GBX 1,194.39 and its 200 day moving average price is GBX 1,234.58.

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.