Jet2 (LON:JET2) Price Target Raised to GBX 2,050

Jet2 (LON:JET2) had its price target boosted by Canaccord Genuity Group from GBX 1,900 ($23.92) to GBX 2,050 ($25.81) in a research report sent to investors on Thursday, MarketBeat.com reports. They currently have a buy rating on the stock.

Jet2 Trading Down 0.1 %

LON:JET2 opened at GBX 1,499 ($18.87) on Thursday. The company has a market capitalization of £3.22 billion, a P/E ratio of 882.35, 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. Jet2 has a 12 month low of GBX 1,066 ($13.42) and a 12 month high of GBX 1,600 ($20.14). The firm has a fifty day simple moving average of GBX 1,442.42 and a 200-day simple moving average of GBX 1,388.06.

Jet2 Cuts Dividend

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

Insider Activity

In other Jet2 news, insider Angela Luger acquired 900 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was acquired at an average cost of GBX 1,395 ($17.56) per share, for a total transaction of £12,555 ($15,806.37). Also, insider Rachel Kentleton acquired 1,801 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was acquired at an average cost of GBX 1,403 ($17.66) per share, for a total transaction of £25,268.03 ($31,811.70). Corporate insiders own 20.92% of the company’s stock.

Jet2 Company Profile

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.