Insider Buying: Jet2 (LON:JET2) Insider Purchases £17,993.34 in Stock

Jet2 plc (LON:JET2) insider Stephen Heapy bought 2,349 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were acquired at an average price of GBX 766 per share, for a total transaction of £17,993.34.

Jet2 Price Performance

Shares of Jet2 stock opened at GBX 1,166 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.40 and a debt-to-equity ratio of 61.57. The business has a 50-day moving average price of GBX 1,291.27 and a 200 day moving average price of GBX 1,364.19. The firm has a market cap of £2.17 billion, a PE ratio of 4.98, a P/E/G ratio of 9.34 and a beta of 1.24. Jet2 plc has a twelve month low of GBX 1,088 and a twelve month high of GBX 1,963.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JET2. Panmure Gordon reaffirmed a “buy” rating and set a GBX 1,700 price objective on shares of Jet2 in a research report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft cut their target price on Jet2 from GBX 2,059 to GBX 1,857 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,100 price target on shares of Jet2 in a report on Thursday, November 20th. JPMorgan Chase & Co. lowered shares of Jet2 to a “neutral” rating and dropped their price target for the company from GBX 1,850 to GBX 1,450 in a research note on Monday, December 1st. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 2,250 price target on shares of Jet2 in a research note on Wednesday, November 12th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Jet2 has an average rating of “Moderate Buy” and a consensus price target of GBX 1,917.83.

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.