Jet2 (LON:JET2) Stock Price Down 1.1% - Time to Sell?

Key Points

• Jet2 plc shares fell 1.1% to last trade at GBX 1,310 ($17.52), with a notable 68% decline in trading volume compared to the average.
• Analysts have lowered price targets for Jet2, with Canaccord Genuity Group reducing theirs from GBX 2,335 to GBX 2,250, while the stock maintains a consensus "Buy" rating.
• Jet2 has a market cap of £2.49 billion and has displayed volatility with a beta of 2.27, indicating higher risk relative to the overall market.

Jet2 plc (LON:JET2 - Get Free Report) shares fell 1.1% during trading on Tuesday . The company traded as low as GBX 1,290 ($17.25) and last traded at GBX 1,310 ($17.52). 402,675 shares changed hands during trading, a decline of 68% from the average session volume of 1,263,486 shares. The stock had previously closed at GBX 1,324 ($17.70).

Analyst Upgrades and Downgrades

A number of brokerages recently commented on JET2. Canaccord Genuity Group lowered their price objective on Jet2 from GBX 2,335 to GBX 2,250 and set a "buy" rating for the company in a research note on Thursday, September 4th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Jet2 in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft decreased their price target on Jet2 from GBX 2,150 to GBX 2,059 and set a "buy" rating for the company in a research note on Thursday, September 4th. Finally, Royal Bank Of Canada decreased their price target on Jet2 from GBX 2,200 to GBX 2,150 and set an "outperform" rating for the company in a research note on Friday, September 5th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of GBX 2,127.25.

Jet2 Price Performance

The company has a 50 day moving average of GBX 1,474.62 and a two-hundred day moving average of GBX 1,591.65. The firm has a market cap of £2.49 billion, a P/E ratio of 6.32, a PEG ratio of 9.34 and a beta of 2.27. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30.

About Jet2

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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