Jet2 (LON:JET2) Trading Up 12.7% - Should You Buy?

Jet2 plc (LON:JET2 - Get Free Report)'s share price was up 12.7% on Tuesday . The stock traded as high as GBX 1,552 ($20.62) and last traded at GBX 1,521 ($20.21). Approximately 8,684,891 shares changed hands during mid-day trading, an increase of 610% from the average daily volume of 1,222,782 shares. The stock had previously closed at GBX 1,350 ($17.94).

Wall Street Analyst Weigh In

A number of research firms recently commented on JET2. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 2,050 ($27.24) price objective on shares of Jet2 in a report on Wednesday, March 12th. Royal Bank of Canada reissued an "outperform" rating and set a GBX 2,100 ($27.90) price objective on shares of Jet2 in a research report on Thursday, February 20th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Jet2 presently has a consensus rating of "Buy" and an average price target of GBX 2,077 ($27.59).

Jet2 Stock Up 0.7 %

The business's fifty day moving average is GBX 1,338.21 and its two-hundred day moving average is GBX 1,453.17. The stock has a market cap of £3.56 billion, a price-to-earnings ratio of 8.91, 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.

Jet2 Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 2nd were given a GBX 4.40 ($0.06) dividend. This represents a yield of 0.31%. The ex-dividend date of this dividend was Thursday, January 2nd. Jet2's dividend payout ratio is currently 8.02%.

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.