Jet2 (LON:JET2) Shares Down 9.9% - Should You Sell?

Jet2 plc (LON:JET2 - Get Free Report) fell 9.9% during mid-day trading 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 traded hands during 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).

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JET2. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 2,200 ($29.68) price target on shares of Jet2 in a research report on Thursday. Canaccord Genuity Group boosted their price target 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 research report on Wednesday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of GBX 2,152 ($29.03).

Jet2 Price 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 firm's fifty day moving average price is GBX 1,792.22 and its two-hundred day moving average price is GBX 1,546.08. The stock has a market capitalization of £3.63 billion, a PE ratio of 9.09, a PEG ratio of 9.34 and a beta of 2.27.

Jet2 (LON:JET2 - Get Free Report) last released its quarterly earnings data 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%. On average, equities analysts predict that Jet2 plc will post 170.9134615 earnings per share for the current year.

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.