Jet2 (LON:JET2) Trading Down 0.3% – Should You Sell?

Jet2 plc (LON:JET2)’s stock price dropped 0.3% on Thursday . The company traded as low as GBX 1,400 ($18.16) and last traded at GBX 1,437 ($18.64). Approximately 300,314 shares traded hands during trading, a decline of 47% from the average daily volume of 566,998 shares. The stock had previously closed at GBX 1,442 ($18.70).

Analyst Ratings Changes

Several equities research analysts have weighed in on JET2 shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,900 ($24.64) target price on shares of Jet2 in a research note on Thursday, July 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 ($25.94) price objective on shares of Jet2 in a research note on Monday, July 15th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,800 ($23.34) price target on shares of Jet2 in a report on Friday, July 12th.

Jet2 Stock Performance

The firm has a market cap of £3.13 billion, a P/E ratio of 857.65, a PEG ratio of 9.34 and a beta of 2.27. 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’s 50-day moving average is GBX 1,424.74 and its two-hundred day moving average is GBX 1,380.68.

Insider Activity at Jet2

In other Jet2 news, insider Angela Luger purchased 900 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were acquired at an average cost of GBX 1,395 ($18.09) per share, for a total transaction of £12,555 ($16,281.93). In related news, insider Angela Luger purchased 900 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were bought at an average price of GBX 1,395 ($18.09) per share, with a total value of £12,555 ($16,281.93). Also, insider Rachel Kentleton acquired 1,801 shares of Jet2 stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of GBX 1,403 ($18.19) per share, with a total value of £25,268.03 ($32,768.81). 20.92% of the stock is owned by insiders.

About Jet2

Jet2 plc, together with its subsidiaries, engages in the leisure travel business primarily in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the package holiday and non-ticket retail activities, as well as passenger and charter aircraft operations.