Jet2 (LON:JET2) Trading Down 15.2% - Here's What Happened

Jet2 plc (LON:JET2 - Get Free Report)'s stock price dropped 15.2% during mid-day trading on Thursday . The stock traded as low as GBX 1,207 ($16.22) and last traded at GBX 1,368 ($18.39). Approximately 18,762,584 shares were traded during mid-day trading, an increase of 1,666% from the average daily volume of 1,062,581 shares. The stock had previously closed at GBX 1,613 ($21.68).Wall Street Analyst Weigh InJET2 has been the subject of several recent analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 2,200 price target on shares of Jet2 in a research note on Thursday, July 10th. Canaccord Genuity Group raised their target price on Jet2 from GBX 2,200 to GBX 2,325 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Jet2 in a research note on Friday, July 18th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 2,240.View Our Latest Stock Analysis on JET2Jet2 Stock PerformanceThe firm has a market capitalization of £2.86 billion, a PE ratio of 666.02, a P/E/G ratio of 9.34 and a beta of 2.27. The company has a debt-to-equity ratio of 103.30, a current ratio of 1.36 and a quick ratio of 1.49. The firm has a fifty day moving average price of GBX 1,669.90 and a 200 day moving average price of GBX 1,579.40. Jet2 (LON:JET2 - Get Free Report) last announced its earnings results on Wednesday, July 9th. The company reported GBX 213.10 EPS for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. Research analysts anticipate that Jet2 plc will post 170.9134615 earnings per share for the current fiscal year. Jet2 Company Profile (Get Free Report)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.Read MoreFive stocks we like better than Jet2How to Invest in Insurance Companies: A Guide Back-to-School Shopping Hits $40B: 3 Retail Stocks to Watch NowWhy is the Ex-Dividend Date Significant to Investors?Alphabet Stock Surges After Dodging Harsh Antitrust RemediesHow to invest in marijuana stocks in 7 steps Why Qualcomm Is Outperforming NVIDIA After Months of LaggingThis 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.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