Jet2 (LON:JET2) Sets New 1-Year High – Time to Buy?

Jet2 plc (LON:JET2) shares hit a new 52-week high on Monday . The company traded as high as GBX 1,652 ($21.11) and last traded at GBX 1,647 ($21.04), with a volume of 145751 shares trading hands. The stock had previously closed at GBX 1,624 ($20.75).

Analyst Ratings Changes

A number of brokerages have weighed in on JET2. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Jet2 from GBX 2,240 ($28.62) to GBX 2,385 ($30.47) and gave the company a “buy” rating in a research report on Friday, November 22nd. Canaccord Genuity Group lifted their price target on shares of Jet2 from GBX 1,900 ($24.27) to GBX 2,050 ($26.19) and gave the company a “buy” rating in a research report on Thursday, November 21st.

Jet2 Stock Up 0.2 %

The business’s 50 day moving average is GBX 1,485.90 and its 200-day moving average is GBX 1,407.82. 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 company has a market cap of £3.55 billion, a PE ratio of 971.18, a P/E/G ratio of 9.34 and a beta of 2.27.

Jet2 Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 2nd will be paid a GBX 4.40 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a yield of 0.31%. Jet2’s dividend payout ratio is currently 882.35%.

Insider Buying and Selling

In related news, insider Rachel Kentleton acquired 1,801 shares of Jet2 stock in a transaction dated Thursday, September 12th. The stock was acquired at an average price of GBX 1,403 ($17.93) per share, for a total transaction of £25,268.03 ($32,283.16). Also, insider Angela Luger acquired 900 shares of Jet2 stock in a transaction dated Wednesday, October 9th. The shares were bought at an average price of GBX 1,395 ($17.82) per share, with a total value of £12,555 ($16,040.63). 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.