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

Jet2 plc (LON:JET2 - Get Free Report) fell 9.9% during trading on Wednesday . The company traded as low as GBX 1,644 ($22.34) and last traded at GBX 1,644 ($22.34). 2,149,624 shares were traded 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 ($24.80).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their target price 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. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of GBX 2,132 ($28.98).

Jet2 Stock Down 9.9%

The business's 50 day moving average is GBX 1,789.01 and its 200-day moving average is GBX 1,543.91. The stock has a market cap of £3.51 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 9.34 and a beta of 2.27. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36.

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.

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