Jet2 (LON:JET2) Hits New 1-Year High - Here's What Happened
Jet2 plc (LON:JET2) shares reached a new 52-week high of GBX 1,568 during trading, closing at GBX 1,567.30. The stock saw a 1.9% increase with a market cap of £3.36 billion. Analysts from Royal Bank of Canada maintained an "outperform" rating with a target price of GBX 2,000. Insider Rachel Kentleton purchased 1,801 shares at GBX 1,403, while Angela Luger bought 900 shares at GBX 1,395. Insiders own 20.92% of the company, which operates in the leisure travel sector in the UK.
Shares of Jet2 plc (LON:JET2 - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,568 ($20.41) and last traded at GBX 1,567.30 ($20.40), with a volume of 249582 shares traded. The stock had previously closed at GBX 1,535 ($19.98).
Analyst Ratings Changes
Separately, Royal Bank of Canada reissued an "outperform" rating and set a GBX 2,000 ($26.03) target price on shares of Jet2 in a research note on Monday, July 15th.
View Our Latest Report on JET2
Jet2 Trading Up 1.9 %
The firm has a market cap of £3.36 billion, a price-to-earnings ratio of 902.94, a PEG ratio of 9.34 and a beta of 2.27. 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 business has a fifty day moving average of GBX 1,430.82 and a two-hundred day moving average of GBX 1,382.52.
Insider Buying and Selling
In other news, insider Rachel Kentleton purchased 1,801 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average price of GBX 1,403 ($18.26) per share, for a total transaction of £25,268.03 ($32,892.51). In related news, insider Rachel Kentleton bought 1,801 shares of the stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of GBX 1,403 ($18.26) per share, for a total transaction of £25,268.03 ($32,892.51). Also, insider Angela Luger bought 900 shares of the stock in a transaction on Wednesday, October 9th. The shares were bought at an average price of GBX 1,395 ($18.16) per share, for a total transaction of £12,555 ($16,343.40). Insiders own 20.92% of the company's stock.
About Jet2
(Get Free Report)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.
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