Jet2 (LON:JET2) Trading Down 1.8% - What's Next?

Jet2 plc (LON:JET2 - Get Free Report) shares dropped 1.8% during mid-day trading on Monday . The stock traded as low as GBX 1,309 ($17.59) and last traded at GBX 1,352.20 ($18.17). Approximately 980,048 shares were traded during trading, a decline of 13% from the average daily volume of 1,131,560 shares. The stock had previously closed at GBX 1,377 ($18.50).

Wall Street Analysts Forecast Growth

JET2 has been the topic of several research reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a GBX 2,100 ($28.21) price target on shares of Jet2 in a research note on Thursday, February 20th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 2,050 ($27.54) price target on shares of Jet2 in a research note on Wednesday, March 12th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 2,077 ($27.91).

Jet2 Stock Down 1.8 %

The business has a fifty day moving average of GBX 1,325.05 and a 200 day moving average of GBX 1,450.29. The firm has a market cap of £2.89 billion, a P/E ratio of 7.23, a P/E/G 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 disclosed a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 2nd were issued a GBX 4.40 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a yield of 0.31%. Jet2's dividend payout ratio is presently 8.02%.

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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