Jet2 (LON:JET2) Hits New 1-Year High - What's Next?

Jet2 plc (LON:JET2 - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,815 ($24.45) and last traded at GBX 1,811 ($24.40), with a volume of 114077 shares changing hands. The stock had previously closed at GBX 1,771 ($23.86).

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JET2. Canaccord Genuity Group restated a "buy" rating and issued a GBX 2,050 ($27.62) price objective on shares of Jet2 in a research note on Wednesday, March 12th. Royal Bank of Canada restated an "outperform" rating and set a GBX 2,100 ($28.29) price objective on shares of Jet2 in a report on Thursday, February 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Jet2 presently has an average rating of "Buy" and an average target price of GBX 2,077 ($27.98).

Jet2 Stock Performance

The firm has a fifty day moving average of GBX 1,477.54 and a 200-day moving average of GBX 1,490.25. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30. The firm has a market cap of £3.87 billion, a P/E ratio of 9.70, a PEG 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.