Free Trial

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

Jet2 logo with Consumer Cyclical background

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).

View Our Latest Stock Report on Jet2

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

(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.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Jet2 Right Now?

Before you consider Jet2, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jet2 wasn't on the list.

While Jet2 currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines