Jet2 (LON:JET2) Sets New 52-Week High - Still a Buy?

Jet2 plc (LON:JET2 - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,744 ($23.17) and last traded at GBX 1,741.46 ($23.13), with a volume of 22288 shares changing hands. The stock had previously closed at GBX 1,715 ($22.78).

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JET2. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 2,050 ($27.23) price target on shares of Jet2 in a research note on Wednesday, March 12th. Royal Bank of Canada reiterated an "outperform" rating and set a GBX 2,100 ($27.90) target price on shares of Jet2 in a research note on Thursday, February 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Jet2 currently has an average rating of "Buy" and a consensus target price of GBX 2,077 ($27.59).

Jet2 Stock Up 0.9%

The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49. The stock's fifty day simple moving average is GBX 1,404.25 and its 200-day simple moving average is GBX 1,471.15. The stock has a market cap of £3.73 billion, a P/E ratio of 9.35, 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.