Jet2 plc (LON:JET2 - Get Free Report)'s share price dropped 9.9% on Wednesday . The stock traded as low as GBX 1,644 ($22.34) and last traded at GBX 1,644 ($22.34). Approximately 2,149,624 shares were traded during mid-day trading, an increase of 110% from the average daily volume of 1,023,802 shares. The stock had previously closed at GBX 1,825 ($24.80).
Analyst Ratings Changes
Separately, Canaccord Genuity Group upped their target price on Jet2 from GBX 2,200 ($29.90) to GBX 2,325 ($31.60) and gave the company a "buy" rating in a report on Wednesday. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 2,132 ($28.98).
View Our Latest Stock Analysis on JET2
Jet2 Stock Performance
The firm has a market capitalization of £3.51 billion, a PE ratio of 8.79, a P/E/G ratio of 9.34 and a beta of 2.27. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49. The firm has a fifty day moving average price of GBX 1,790.36 and a 200 day moving average price of GBX 1,544.60.
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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