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Jet2 PLC ( (GB:JET2) ) just unveiled an announcement.
Jet2 plc has initiated the first tranche of its share buyback program, purchasing 51,307 ordinary shares at a volume-weighted average price of £18.2152 per share. The company plans to cancel these shares, reducing the total number of shares in issue to 209,325,762, which may impact 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 £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, which includes Jet2holidays, the UK’s leading provider of ATOL protected package holidays to destinations across the Mediterranean, Canary Islands, and European Leisure Cities, and 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.
Average Trading Volume: 736,800
Technical Sentiment Signal: Buy
Current Market Cap: £3.72B
For a thorough assessment of JET2 stock, go to TipRanks’ Stock Analysis page.