Jet2 (LON:JET2) Stock Price Down 9.9% - Time to Sell?

Jet2 plc (LON:JET2 - Get Free Report) shares traded down 9.9% on Wednesday . The company traded as low as GBX 1,644 ($22.34) and last traded at GBX 1,644 ($22.34). 2,149,624 shares changed hands 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

Separately, Canaccord Genuity Group boosted their target price on shares of Jet2 from GBX 2,200 ($29.90) to GBX 2,325 ($31.60) and gave the company a "buy" rating in a research note on Wednesday. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of GBX 2,132 ($28.98).

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 company's fifty day moving average is GBX 1,790.36 and its 200 day moving average is GBX 1,544.60. The company has a market cap of £3.51 billion, a P/E ratio of 8.79, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27.

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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