Jet2 plc (LON:JET2) Insider Buys £25,268.03 in Stock

Jet2 plc (LON:JET2) insider Rachel Kentleton bought 1,801 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average price of GBX 1,403 ($18.35) per share, for a total transaction of £25,268.03 ($33,043.06).

Jet2 Stock Up 2.0 %

Shares of JET2 stock opened at GBX 1,418 ($18.54) on Monday. The company’s fifty day simple moving average is GBX 1,391.63 and its two-hundred day simple moving average is GBX 1,382.72. Jet2 plc has a 52 week low of GBX 960 ($12.55) and a 52 week high of GBX 1,568 ($20.50). The stock has a market cap of £3.04 billion, a P/E ratio of 834.12, a PEG ratio of 9.34 and a beta of 2.27. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30.

Jet2 Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, October 23rd. Investors of record on Thursday, September 19th will be given a GBX 10.70 ($0.14) dividend. This is an increase from Jet2’s previous dividend of $4.00. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, September 19th. Jet2’s payout ratio is currently 882.35%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JET2. Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,900 ($24.85) price target on shares of Jet2 in a report on Thursday, July 11th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,800 ($23.54) target price on shares of Jet2 in a research note on Friday, July 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 2,000 ($26.15) price target on shares of Jet2 in a research note on Monday, July 15th.

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.