Jet2 (LON:JET2) Stock Price Down 0.5% - Time to Sell?

Key Points

• Stock movement: Jet2 shares were down 0.5% at midday to GBX 1,213.81 (previous close GBX 1,220) on sharply lower volume—~440,662 shares, an 86% decline versus the average—and the price sits above the 50‑day (GBX 1,187.99) but below the 200‑day (GBX 1,293.06).
• Analyst sentiment: The stock has five Buy ratings and one Hold, with a MarketBeat consensus of "Moderate Buy" and an average price target of GBX 1,851, although some brokers (eg Deutsche Bank) have cut targets recently.
• Insiders and valuation: Insiders bought shares recently at GBX 766 and now own 21.5% of the company; Jet2 trades with a market cap of £2.21bn, a P/E of 5.18 and a debt-to-equity ratio around 61.6%.

Jet2 plc (LON:JET2 - Get Free Report) shares were down 0.5% during mid-day trading on Wednesday . The company traded as low as GBX 1,203.19 and last traded at GBX 1,213.81. Approximately 440,662 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 3,128,612 shares. The stock had previously closed at GBX 1,220.

Analyst Ratings Changes

A number of equities analysts have issued reports on JET2 shares. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 2,100 target price on shares of Jet2 in a research report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft cut their target price on Jet2 from GBX 1,596 to GBX 1,457 and set a "buy" rating on the stock in a research report on Friday, March 20th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 1,851.17.

Jet2 Stock Performance

The company has a current ratio of 1.40, a quick ratio of 1.49 and a debt-to-equity ratio of 61.57. The firm has a market capitalization of £2.21 billion, a price-to-earnings ratio of 5.18, a price-to-earnings-growth ratio of 9.34 and a beta of 1.22. The company has a 50-day moving average of GBX 1,187.99 and a 200-day moving average of GBX 1,293.06.

Insider Activity at Jet2

In other news, insider Stephen Heapy purchased 2,349 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The shares were acquired at an average cost of GBX 766 per share, with a total value of £17,993.34. Also, insider Gary Brown purchased 2,349 shares of the company's stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average cost of GBX 766 per share, for a total transaction of £17,993.34. In the last ninety days, insiders have bought 6,336 shares of company stock valued at $5,737,896. Corporate insiders own 21.50% of the company's stock.

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.

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