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Jet2 PLC ( (GB:JET2) ) has provided an announcement.
Jet2 plc has announced the launch of the second tranche of its share buyback programme, with a maximum consideration of approximately £125 million. This initiative is part of a larger £250 million buyback programme aimed at repurchasing and cancelling ordinary shares, reflecting the company’s commitment to returning value to shareholders. The buyback is expected to run for up to six months, with Jefferies International Limited acting as the riskless principal. This move could positively impact Jet2’s market positioning by enhancing shareholder value and optimizing capital structure.
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 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 and offers both package holidays and flight-only options.
YTD Price Performance: 5.92%
Average Trading Volume: 849,174
Technical Sentiment Signal: Buy
Current Market Cap: £3.39B
See more insights into JET2 stock on TipRanks’ Stock Analysis page.