eDreams ODIGEO Launches New Share Buyback Program to Boost Shareholder Value

EDreams ODIGEO ( (ES:EDR) ) has provided an update.

eDreams ODIGEO has announced a new share buyback program with a maximum allocation of 20 million euros, following the success of previous buybacks which enhanced shareholder value and increased the liquidity of its shares. This initiative is part of the company’s strategy to manage share capital, support employee incentive plans, and reflects confidence in its growth prospects as a leading travel subscription company.

The most recent analyst rating on (ES:EDR) stock is a Buy with a EUR11.50 price target. To see the full list of analyst forecasts on EDreams ODIGEO stock, see the ES:EDR Stock Forecast page.

More about EDreams ODIGEO

eDreams ODIGEO is a leading travel subscription platform and one of the largest e-commerce companies in Europe. It operates through four online travel agency brands and a metasearch engine, serving millions of customers across 44 countries. The company is listed on the Spanish Stock Exchange and collaborates with around 700 airlines. It introduced Prime, the world’s first travel subscription product, which has gained over 7 million members.

Average Trading Volume: 162,072

Technical Sentiment Signal: Strong Buy

Current Market Cap: €1.01B

Learn more about EDR stock on TipRanks’ Stock Analysis page.