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An update from Jet2 PLC ( (GB:JET2) ) is now available.
Jet2 plc has announced the purchase of 170,000 ordinary shares as part of its share buyback program, which was initiated following shareholder approval. The shares were bought at prices ranging from £16.5100 to £16.8500 and will be canceled, reducing the total number of shares in issue to 208,720,762. This move is part of Jet2’s strategy to manage its capital structure and may impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:JET2) stock is a Buy with a £1850.00 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 GB:JET2 Stock
According to Spark, TipRanks’ AI Analyst, GB:JET2 is a Outperform.
Jet2 PLC demonstrates strong financial performance, supported by robust revenue and profitability growth, effective equity leverage, and strategic financial maneuvers like share buybacks. These strengths are somewhat offset by high liabilities and potential overbought technical indicators. The stock is undervalued, presenting an opportunity for investors, although caution is advised due to mixed technical signals.
To see Spark’s full report on GB:JET2 stock, click here.
More about Jet2 PLC
Jet2 plc is a Leisure Travel Group, which includes Jet2holidays, the UK’s leading provider of ATOL protected package holidays to destinations across the Mediterranean, Canary Islands, and European Leisure Cities. Jet2.com is the UK’s third largest airline by passenger numbers, specializing in scheduled holiday flights. The company operates from 13 UK airport bases and offers both package holidays and flight-only options.
Average Trading Volume: 801,237
Technical Sentiment Signal: Buy
Current Market Cap: £3.44B
See more data about JET2 stock on TipRanks’ Stock Analysis page.