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

Shares of Jet2 plc (LON:JET2 - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,682 ($22.36) and last traded at GBX 1,672 ($22.23), with a volume of 46457 shares traded. The stock had previously closed at GBX 1,665.86 ($22.14).

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on JET2 shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a GBX 2,100 ($27.91) 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 ($27.25) target price on shares of Jet2 in a research report on Wednesday, March 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Jet2 currently has a consensus rating of "Buy" and an average price target of GBX 2,077 ($27.61).

Jet2 Trading Down 0.6 %

The company's fifty day moving average is GBX 1,349.59 and its 200-day moving average is GBX 1,456.29. 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 company has a market capitalization of £3.54 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27.

Jet2 Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 2nd were given a GBX 4.40 ($0.06) dividend. This represents a dividend yield of 0.31%. The ex-dividend date of this dividend was Thursday, January 2nd. Jet2's payout ratio is 8.02%.

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.

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