Jet2 plc (LON:JET2 - Get Free Report) fell 9.9% on Wednesday . The company traded as low as GBX 1,644 ($22.18) and last traded at GBX 1,644 ($22.18). 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 ($24.62).
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on JET2. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 2,200 ($29.68) target price on shares of Jet2 in a research note on Thursday. 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 stock a "buy" rating in a research note on Wednesday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Jet2 currently has an average rating of "Buy" and a consensus price target of GBX 2,152 ($29.03).
Check Out Our Latest Analysis on JET2
Jet2 Stock Performance
The stock's 50 day moving average price is GBX 1,792.22 and its 200 day moving average price is GBX 1,546.08. The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 103.30. The company has a market capitalization of £3.63 billion, a price-to-earnings 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 posted its quarterly earnings data on Wednesday, July 9th. The company reported GBX 213.10 ($2.87) EPS for the quarter. Jet2 had a net margin of 6.38% and a return on equity of 26.53%. Analysts expect that Jet2 plc will post 170.9134615 earnings per share for the current year.
Jet2 Company Profile
(
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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.
Further Reading
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