Jet2 (LON:JET2) Sets New 12-Month Low – Here’s Why

Shares of Jet2 plc (LON:JET2) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 1,101 ($14.19) and last traded at GBX 1,112 ($14.33), with a volume of 2379700 shares. The stock had previously closed at GBX 1,184 ($15.26).

Wall Street Analysts Forecast Growth

JET2 has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 2,050 ($26.42) price target on shares of Jet2 in a report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 2,100 ($27.07) target price on shares of Jet2 in a research note on Thursday, February 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Jet2 has a consensus rating of “Buy” and an average price target of GBX 2,077 ($26.77).

Jet2 Price Performance

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 stock has a market capitalization of £2.36 billion, a P/E ratio of 5.91, a PEG ratio of 9.34 and a beta of 2.27. The company has a fifty day simple moving average of GBX 1,406.22 and a two-hundred day simple moving average of GBX 1,463.90.

Jet2 Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 2nd were paid a dividend of GBX 4.40 ($0.06) per share. This represents a dividend yield of 0.31%. The ex-dividend date was Thursday, January 2nd. Jet2’s dividend payout ratio (DPR) is 8.02%.

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.