Jet2 plc (LON:JET2 - Get Free Report) traded down 9.9% on Thursday . The stock traded as low as GBX 1,644 ($22.34) and last traded at GBX 1,644 ($22.34). 2,149,624 shares were traded during mid-day trading, an increase of 110% from the average session volume of 1,023,802 shares. The stock had previously closed at GBX 1,825 ($24.80).
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Canaccord Genuity Group lifted their target price on Jet2 from GBX 2,200 ($29.90) to GBX 2,325 ($31.60) and gave the stock a "buy" rating in a report on Wednesday. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 2,200 ($29.90) price target on shares of Jet2 in a research report on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Jet2 currently has a consensus rating of "Buy" and a consensus target price of GBX 2,152 ($29.25).
Check Out Our Latest Stock Analysis on Jet2
Jet2 Trading Up 2.0%
The company has a 50 day moving average of GBX 1,790.36 and a 200-day moving average of GBX 1,544.60. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36. The stock has a market cap of £3.58 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27.
Jet2 (LON:JET2 - Get Free Report) last released its quarterly earnings results on Wednesday, July 9th. The company reported GBX 213.10 ($2.90) earnings per share (EPS) for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. On average, research analysts anticipate that Jet2 plc will post 170.9134615 earnings per share for the current year.
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.
See Also
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.
Before you consider Jet2, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jet2 wasn't on the list.
While Jet2 currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
