Jet2 (LON:JET2) Shares Down 0.4% – Here’s What Happened

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

Analysts Set New Price Targets

JET2 has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. 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. Canaccord Genuity Group downgraded Jet2 to a “buy” rating and cut their price target for the stock from GBX 2,350 to GBX 1,900 in a research note on Wednesday, April 29th. Royal Bank Of Canada lowered their price objective on shares of Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,800 target price on shares of Jet2 in a research report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,642.83.

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Jet2 Stock Performance

The company has a market capitalization of £2.35 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 9.34 and a beta of 1.18. The stock has a fifty day moving average price of GBX 1,196.32 and a two-hundred day moving average price of GBX 1,234.23. The company has a quick ratio of 1.49, a current ratio of 1.40 and a debt-to-equity ratio of 61.57.

About Jet2

(Get Free Report)

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.

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