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The latest update is out from Jet2 PLC ( (GB:JET2) ).
Jet2 PLC has announced the purchase of 57,788 ordinary shares as part of its £100 million share buyback program. This move, approved by shareholders, aims to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and demonstrating confidence in the company’s financial health.
The most recent analyst rating on (GB:JET2) stock is a Hold with a £1450.00 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’s overall stock score is driven by strong financial performance and positive earnings call insights, indicating robust growth and strategic expansion. The stock’s valuation is attractive, with a low P/E ratio and reasonable dividend yield. However, technical indicators suggest a bearish trend, which tempers the overall score.
To see Spark’s full report on GB:JET2 stock, click here.
More about Jet2 PLC
Jet2 PLC operates in the leisure travel industry, primarily offering holiday packages and flights to various destinations. The company focuses on providing affordable travel options and has a significant presence in the UK market.
Average Trading Volume: 724,038
Technical Sentiment Signal: Hold
Current Market Cap: £2.66B
Learn more about JET2 stock on TipRanks’ Stock Analysis page.