Jet2 (LON:JET2) Hits New 1-Year High - Here's What Happened

Shares of Jet2 plc (LON:JET2 - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,568 ($20.41) and last traded at GBX 1,567.30 ($20.40), with a volume of 249582 shares traded. The stock had previously closed at GBX 1,535 ($19.98).Analyst Ratings ChangesSeparately, Royal Bank of Canada reissued an "outperform" rating and set a GBX 2,000 ($26.03) target price on shares of Jet2 in a research note on Monday, July 15th.View Our Latest Report on JET2Jet2 Trading Up 1.9 %The firm has a market cap of £3.36 billion, a price-to-earnings ratio of 902.94, a PEG ratio of 9.34 and a beta of 2.27. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36. The business has a fifty day moving average of GBX 1,430.82 and a two-hundred day moving average of GBX 1,382.52. Insider Buying and SellingIn other news, insider Rachel Kentleton purchased 1,801 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average price of GBX 1,403 ($18.26) per share, for a total transaction of £25,268.03 ($32,892.51). In related news, insider Rachel Kentleton bought 1,801 shares of the stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of GBX 1,403 ($18.26) per share, for a total transaction of £25,268.03 ($32,892.51). Also, insider Angela Luger bought 900 shares of the stock in a transaction on Wednesday, October 9th. The shares were bought at an average price of GBX 1,395 ($18.16) per share, for a total transaction of £12,555 ($16,343.40). Insiders own 20.92% of the company's stock. About Jet2 (Get Free Report)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.See AlsoFive stocks we like better than Jet2Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?California Resources Stock Could Be a Huge Long-Term WinnerUsing the MarketBeat Dividend Yield CalculatorObservability Wars: Datadog and Dynatrace Vie for Data Dominance5 Top Rated Dividend Stocks to ConsiderAirbnb Stock Attracts Attention With Strong Cash Flow StrategyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ The gold trades I'm making right now (From DTI) (Ad)Should you invest $1,000 in Jet2 right now?Before you consider Jet2, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jet2 wasn't on the list.While Jet2 currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here