Jet2 (LON:JET2) Reaches New 52-Week High - Here's Why

Jet2 plc (LON:JET2 - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as GBX 1,744 ($23.19) and last traded at GBX 1,741.46 ($23.16), with a volume of 22288 shares traded. The stock had previously closed at GBX 1,715 ($22.81).

Wall Street Analyst Weigh In

JET2 has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a GBX 2,100 ($27.93) price target on shares of Jet2 in a research note on Thursday, February 20th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 2,050 ($27.26) price target on shares of Jet2 in a research note on Wednesday, March 12th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Jet2 currently has an average rating of "Buy" and a consensus target price of GBX 2,077 ($27.62).

Jet2 Price Performance

The company's 50-day moving average is GBX 1,411.49 and its 200-day moving average is GBX 1,473.84. 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 firm has a market capitalization of £3.73 billion, a price-to-earnings 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.