Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Jet2 (LON:JET2) Stock Price

Jet2 (LON:JET2) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from GBX 2,240 ($28.13) to GBX 2,385 ($29.95) in a report published on Friday, Marketbeat.com reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group boosted their price target on shares of Jet2 from GBX 1,900 ($23.86) to GBX 2,050 ($25.75) and gave the stock a “buy” rating in a report on Thursday, November 21st.

Jet2 Stock Up 5.3 %

Jet2 stock opened at GBX 1,593 ($20.01) on Friday. Jet2 has a fifty-two week low of GBX 1,083 ($13.60) and a fifty-two week high of GBX 1,600 ($20.10). The stock has a market cap of £3.42 billion, a PE ratio of 937.06, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. The firm’s 50-day simple moving average is GBX 1,448.06 and its 200 day simple moving average is GBX 1,390.60. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36.

Jet2 Cuts Dividend

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

Insiders Place Their Bets

In other Jet2 news, insider Rachel Kentleton purchased 1,801 shares of the stock in a transaction dated Thursday, September 12th. The shares were bought at an average price of GBX 1,403 ($17.62) per share, with a total value of £25,268.03 ($31,735.78). Also, insider Angela Luger bought 900 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were purchased at an average cost of GBX 1,395 ($17.52) per share, for a total transaction of £12,555 ($15,768.65). 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.