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Jet2 PLC ( (GB:JET2) ) has provided an announcement.
Jet2 plc has announced the purchase of 26,588 ordinary shares as part of its share buyback program, which was authorized by shareholders at the Annual General Meeting in September 2024. The shares were purchased at a volume-weighted average price of £18.2082 and will be cancelled, reducing the total number of shares in issue to 209,890,224. This move is part of Jet2’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:JET2) stock is a Buy with a £1700.00 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 leisure 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: 746,563
Technical Sentiment Signal: Buy
Current Market Cap: £3.75B
See more insights into JET2 stock on TipRanks’ Stock Analysis page.