Jet2 (LON:JET2) Hits New 12-Month Low – Should You Sell?

Jet2 plc (LON:JET2) shares reached a new 52-week low during trading on Monday . The company traded as low as GBX 1,247 ($16.12) and last traded at GBX 1,251.42 ($16.18), with a volume of 365476 shares changing hands. The stock had previously closed at GBX 1,278 ($16.52).

Wall Street Analyst Weigh In

JET2 has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 2,100 ($27.15) price target on shares of Jet2 in a report on Thursday, February 20th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 2,050 ($26.50) price target on shares of Jet2 in a report on Wednesday, March 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 2,077 ($26.85).

Jet2 Stock Performance

The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36. The stock has a market cap of £2.65 billion, a PE ratio of 6.64, a PEG ratio of 9.34 and a beta of 2.27. The company’s 50-day moving average price is GBX 1,421.70 and its two-hundred day moving average price is GBX 1,466.95.

Jet2 Cuts Dividend

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

Jet2 Company Profile

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.