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Jet2 PLC ( (GB:JET2) ) has shared an announcement.
Jet2 PLC has announced the purchase of 415,680 ordinary shares as part of its ongoing buyback program, which was approved by shareholders earlier this month. This move is part of the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, potentially increasing the value of remaining shares and demonstrating confidence in the company’s financial health.
The most recent analyst rating on (GB:JET2) stock is a Buy with a £18.50 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 Neutral.
Jet2 PLC’s strong financial performance and attractive valuation are the primary drivers of its overall score. However, technical indicators suggest a lack of upward momentum, which tempers the stock’s attractiveness. The absence of earnings call insights and corporate events means these factors did not influence the score.
To see Spark’s full report on GB:JET2 stock, click here.
More about Jet2 PLC
Jet2 PLC is a leisure travel group that primarily offers holiday packages and flight services, focusing on providing affordable travel options to various destinations.
Average Trading Volume: 792,290
Technical Sentiment Signal: Hold
Current Market Cap: £2.62B
For an in-depth examination of JET2 stock, go to TipRanks’ Overview page.