Shares of Jet2 plc (LON:JET2 - Get Free Report) traded down 9.9% on Wednesday . The stock traded as low as GBX 1,644 ($22.18) and last traded at GBX 1,644 ($22.18). 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 ($24.62).
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on JET2 shares. Canaccord Genuity Group upped their target price on shares of Jet2 from GBX 2,200 ($29.68) to GBX 2,325 ($31.36) and gave the company a "buy" rating in a report on Wednesday. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 2,200 ($29.68) price objective on shares of Jet2 in a research note on Thursday. 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 price target of GBX 2,152 ($29.03).
View Our Latest Stock Report on Jet2
Jet2 Stock Performance
The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30. The business's fifty day moving average is GBX 1,792.22 and its 200-day moving average is GBX 1,546.08. The stock has a market capitalization of £3.63 billion, a PE ratio of 9.09, a P/E/G ratio of 9.34 and a beta of 2.27.
Jet2 (LON:JET2 - Get Free Report) last announced its quarterly earnings results on Wednesday, July 9th. The company reported GBX 213.10 ($2.87) earnings per share for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. As a group, analysts anticipate that Jet2 plc will post 170.9134615 EPS 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.
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