Jet2 plc (LON:JET2 - Get Free Report)'s share price dropped 9.9% during mid-day trading on Thursday . The company traded as low as GBX 1,644 ($22.34) and last traded at GBX 1,644 ($22.34). Approximately 2,149,624 shares changed hands during trading, an increase of 110% from the average daily volume of 1,023,802 shares. The stock had previously closed at GBX 1,825 ($24.80).
Analyst Upgrades and Downgrades
A number of analysts have weighed in on JET2 shares. Canaccord Genuity Group raised their price objective on shares of 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 reaffirmed an "outperform" rating and set a GBX 2,200 ($29.90) price target on shares of Jet2 in a research note on Thursday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Jet2 has an average rating of "Buy" and a consensus target price of GBX 2,152 ($29.25).
View Our Latest Stock Report on JET2
Jet2 Trading Up 2.0%
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 business's 50-day moving average is GBX 1,790.36 and its two-hundred day moving average is GBX 1,544.60. The firm has a market cap of £3.58 billion, a P/E ratio of 8.97, a P/E/G ratio of 9.34 and a beta of 2.27.
Jet2 (LON:JET2 - Get Free Report) last posted its earnings results on Wednesday, July 9th. The company reported GBX 213.10 ($2.90) EPS for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. As a group, analysts expect that Jet2 plc will post 170.9134615 earnings per share for the current fiscal 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.
Further Reading
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