Jet2 (LON:JET2) Given New GBX 2,050 Price Target at Canaccord Genuity Group

Jet2 (LON:JET2) had its price target boosted by Canaccord Genuity Group from GBX 1,900 ($23.93) to GBX 2,050 ($25.82) in a research note released on Thursday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

Jet2 Stock Up 0.9 %

JET2 opened at GBX 1,513 ($19.05) on Thursday. 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’s 50-day moving average is GBX 1,444.32 and its 200 day moving average is GBX 1,388.85. Jet2 has a fifty-two week low of GBX 1,066 ($13.42) and a fifty-two week high of GBX 1,600 ($20.15). The firm has a market capitalization of £3.25 billion, a P/E ratio of 890.00, a PEG ratio of 9.34 and a beta of 2.27.

Jet2 Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 2nd will be issued 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 dividend payout ratio (DPR) is presently 882.35%.

Insider Buying and Selling

In other Jet2 news, insider Angela Luger acquired 900 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was bought at an average cost of GBX 1,395 ($17.57) per share, with a total value of £12,555 ($15,810.35). Also, insider Rachel Kentleton purchased 1,801 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average cost of GBX 1,403 ($17.67) per share, with a total value of £25,268.03 ($31,819.71). 20.92% of the stock is currently owned by corporate insiders.

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.