Jet2 Initiates Share Buyback Program to Strengthen Capital Structure

Jet2 PLC ( (GB:JET2) ) has provided an announcement.

Jet2 plc has initiated a share buyback program, purchasing 153,158 ordinary shares as part of its first tranche, with the intention to cancel these shares. This move, authorized by shareholders, aims to adjust the company’s capital structure, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.

The most recent analyst rating on (GB:JET2) stock is a Buy with a £20.00 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 that includes Jet2holidays, the UK’s leading provider of ATOL protected package holidays to destinations across the Mediterranean, Canary Islands, and European Leisure Cities. It also operates Jet2.com, the UK’s third largest airline by passenger numbers, specializing in scheduled holiday flights. The company operates from 13 UK airport bases.

Average Trading Volume: 724,297

Technical Sentiment Signal: Buy

Current Market Cap: £3.97B

For detailed information about JET2 stock, go to TipRanks’ Stock Analysis page.