Jet2 (LON:JET2) Sets New 12-Month High - What's Next?

Jet2 plc (LON:JET2 - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as GBX 1,785 ($23.84) and last traded at GBX 1,784 ($23.83), with a volume of 256973 shares trading hands. The stock had previously closed at GBX 1,763 ($23.55).

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JET2. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 2,050 ($27.38) target price on shares of Jet2 in a report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a GBX 2,100 ($28.05) target price on shares of Jet2 in a report on Thursday, February 20th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 2,077 ($27.74).

Jet2 Price Performance

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's 50 day moving average is GBX 1,419.03 and its 200 day moving average is GBX 1,476.08. The stock has a market cap of £3.80 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 9.34 and a beta of 2.27.

Jet2 Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.