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Jet2 PLC ( (GB:JET2) ) has shared an update.
Jet2 plc has repurchased 494,430 ordinary shares between 17 and 23 March 2026 under its previously announced share buyback programme of up to £100 million, using Jefferies International as broker. The company plans to cancel these shares, reducing the number of shares in issue to 193,044,463, a move that marginally enhances earnings per share and signals continued capital returns to shareholders.
The cancellation leaves Jet2 with no shares held in treasury and sets a new share count reference for investors monitoring disclosure thresholds under UK transparency rules. The transaction underscores management’s confidence in the group’s financial position and aligns with its strategy of rewarding investors alongside growth in its core leisure travel operations.
The most recent analyst rating on (GB:JET2) stock is a Buy with a £1224.00 price target. To see the full list of analyst forecasts on Jet2 PLC stock, see the GB:JET2 Stock Forecast page.
Spark’s Take on JET2 Stock
According to Spark, TipRanks’ AI Analyst, JET2 is a Outperform.
Jet2 PLC’s strong financial performance, strategic growth initiatives, and undervaluation relative to peers are significant strengths. The company’s robust earnings call and proactive corporate events, such as the share buyback program, further enhance its investment appeal. However, concerns about cash flow and rising operational costs slightly temper the overall outlook.
To see Spark’s full report on JET2 stock, click here.
More about Jet2 PLC
Jet2 plc is a UK-based leisure travel group operating Jet2holidays, the country’s leading provider of ATOL-protected package holidays to Mediterranean, Canary Islands and European leisure city destinations, and Jet2.com, the UK’s third-largest airline by passengers flown. The group focuses on end-to-end package holidays, which generated over 80% of revenue in the year to 31 March 2025, and flies from 13 UK bases, with a 14th at London Gatwick launching on 26 March 2026.
Average Trading Volume: 829,192
Technical Sentiment Signal: Hold
Current Market Cap: £2.04B
For detailed information about JET2 stock, go to TipRanks’ Stock Analysis page.