Stephen Heapy Sells 34,241 Shares of Jet2 (LON:JET2) Stock

Jet2 plc (LON:JET2) insider Stephen Heapy sold 34,241 shares of Jet2 stock in a transaction on Friday, July 17th. The shares were sold at an average price of GBX 1,475, for a total transaction of £505,054.75.

Stephen Heapy also recently made the following trade(s):

• On Friday, July 17th, Stephen Heapy sold 15,409 shares of Jet2 stock. The stock was sold at an average price of GBX 1,475, for a total value of £227,282.75.

Jet2 Price Performance

JET2 stock traded down GBX 15.52 during trading on Monday, reaching GBX 1,459. The company’s stock had a trading volume of 640,355 shares, compared to its average volume of 2,976,356. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 62.09. The company’s fifty day moving average is GBX 1,271.20 and its 200-day moving average is GBX 1,237.14. The company has a market capitalization of £2.64 billion, a P/E ratio of 6.23, a price-to-earnings-growth ratio of 9.34 and a beta of 1.16. Jet2 plc has a 1 year low of GBX 980 and a 1 year high of GBX 1,736.

Jet2 (LON:JET2) last announced its quarterly earnings data on Wednesday, July 8th. The company reported GBX 211.20 EPS for the quarter. Jet2 had a return on equity of 19.92% and a net margin of 5.49%. On average, research analysts expect that Jet2 plc will post 170.9134615 earnings per share for the current fiscal year.

Jet2 announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, July 8th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JET2. UBS Group restated a “buy” rating and issued a GBX 1,660 price target on shares of Jet2 in a research note on Friday, July 3rd. Canaccord Genuity Group reduced their price objective on shares of Jet2 from GBX 1,900 to GBX 1,750 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,800 target price on shares of Jet2 in a report on Wednesday, April 29th. JPMorgan Chase & Co. dropped their target price on shares of Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their target price on shares of Jet2 from GBX 1,800 to GBX 1,900 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jet2 has an average rating of “Moderate Buy” and an average target price of GBX 1,638.14.

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.