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Jet2 (LON:JET2) Hits New 1-Year High - Time to Buy?

Jet2 logo with Consumer Cyclical background

Jet2 plc (LON:JET2 - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 1,785 ($24.16) and last traded at GBX 1,784 ($24.15), with a volume of 256973 shares. The stock had previously closed at GBX 1,763 ($23.87).

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 2,050 ($27.75) price target on shares of Jet2 in a research note on Wednesday, March 12th. Royal Bank of Canada reaffirmed an "outperform" rating and set a GBX 2,100 ($28.43) price target on shares of Jet2 in a research note on Thursday, February 20th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Jet2 currently has an average rating of "Buy" and a consensus price target of GBX 2,077 ($28.12).

Get Our Latest Stock Report on Jet2

Jet2 Stock Performance

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 stock has a market cap of £3.78 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 9.34 and a beta of 2.27. The company has a 50 day simple moving average of GBX 1,452.35 and a 200 day simple moving average of GBX 1,484.66.

About Jet2

(Get Free Report)

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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