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Jet2 PLC ( (GB:JET2) ) just unveiled an announcement.
Jet2 plc has continued to execute its up to £100 million share buyback, repurchasing 234,580 ordinary shares between 7 and 13 April 2026 from Jefferies International Limited under shareholder authority granted in 2025. The company plans to cancel these shares, reducing its share count to 192,188,276 ordinary shares in issue, a move that marginally enhances earnings per share and may signal management’s confidence in the group’s financial position.
The buyback trades were conducted across multiple venues at volume-weighted average prices ranging from about £11.31 to £11.97 per share during the period. The updated share count also provides a new reference point for investors assessing disclosure thresholds under UK transparency rules, with no shares held in treasury after the cancellation.
The most recent analyst rating on (GB:JET2) stock is a Buy with a £16.00 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 comprising Jet2holidays, a leading provider of ATOL-protected package holidays to Mediterranean, Canary Island and European city destinations, and Jet2.com, the country’s third-largest airline by passengers flown, focused on scheduled holiday flights. The group operates from 14 UK airport bases, with package holidays accounting for more than 80% of revenue and around two-thirds of flown passengers in the year to 31 March 2025.
Average Trading Volume: 862,532
Technical Sentiment Signal: Hold
Current Market Cap: £2.21B
For an in-depth examination of JET2 stock, go to TipRanks’ Overview page.