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Jet2 PLC ( (GB:JET2) ) has provided an announcement.
Jet2 plc has completed the first tranche of its share buyback program, purchasing 130,000 ordinary shares at a volume-weighted average price of £16.7266 per share. This transaction, conducted under the authority granted by shareholders, is part of the company’s strategy to manage its capital structure and enhance shareholder value. Following the cancellation of these shares, Jet2 will have 207,591,045 ordinary shares in issue, which may affect 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 leisure destinations across the Mediterranean, Canary Islands, and European Leisure Cities, and Jet2.com, the UK’s third largest airline by number of passengers flown, specializing in scheduled holiday flights. The company operates from 13 UK airport bases and in the financial year ended 31 March 2025, over 66% of flown passengers took an end-to-end package holiday.
YTD Price Performance: 5.92%
Average Trading Volume: 849,174
Technical Sentiment Signal: Buy
Current Market Cap: £3.39B
Learn more about JET2 stock on TipRanks’ Stock Analysis page.