Jet2 (LON:JET2) Stock Price Down 9.9% - Here's Why

Shares of Jet2 plc (LON:JET2 - Get Free Report) fell 9.9% during mid-day trading on Thursday . The stock traded as low as GBX 1,644 ($22.17) and last traded at GBX 1,644 ($22.17). 2,149,624 shares changed hands during trading, an increase of 110% from the average session volume of 1,023,802 shares. The stock had previously closed at GBX 1,825 ($24.61).

Analysts Set New Price Targets

JET2 has been the subject of several research reports. Canaccord Genuity Group lifted their price target on Jet2 from GBX 2,200 ($29.67) to GBX 2,325 ($31.36) and gave the stock a "buy" rating in a report on Wednesday. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 2,200 ($29.67) price target on shares of Jet2 in a research note on Thursday.

Jet2 Stock Performance

The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 103.30. The firm has a market capitalization of £3.63 billion, a P/E ratio of 9.09, a P/E/G ratio of 9.34 and a beta of 2.27. The firm has a 50-day moving average of GBX 1,792.22 and a two-hundred day moving average of GBX 1,545.74.

Jet2 (LON:JET2 - Get Free Report) last released its quarterly earnings data on Wednesday, July 9th. The company reported GBX 213.10 ($2.87) earnings per share for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. On average, analysts anticipate that Jet2 plc will post 170.9134615 EPS for the current year.

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.