Jet2 (LON:JET2) Trading Down 15.2% - Here's What Happened

Jet2 plc (LON:JET2 - Get Free Report)'s stock price dropped 15.2% during mid-day trading on Thursday . The stock traded as low as GBX 1,207 ($16.22) and last traded at GBX 1,368 ($18.39). Approximately 18,762,584 shares were traded during mid-day trading, an increase of 1,666% from the average daily volume of 1,062,581 shares. The stock had previously closed at GBX 1,613 ($21.68).

Wall Street Analyst Weigh In

JET2 has been the subject of several recent analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 2,200 price target on shares of Jet2 in a research note on Thursday, July 10th. Canaccord Genuity Group raised their target price on Jet2 from GBX 2,200 to GBX 2,325 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Jet2 in a research note on Friday, July 18th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 2,240.

View Our Latest Stock Analysis on JET2

Jet2 Stock Performance

The firm has a market capitalization of £2.86 billion, a PE ratio of 666.02, a P/E/G ratio of 9.34 and a beta of 2.27. 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 firm has a fifty day moving average price of GBX 1,669.90 and a 200 day moving average price of GBX 1,579.40.

Jet2 (LON:JET2 - Get Free Report) last announced its earnings results on Wednesday, July 9th. The company reported GBX 213.10 EPS for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. Research analysts anticipate that Jet2 plc will post 170.9134615 earnings per share for the current fiscal year.

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.

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