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Jet2 PLC ( (GB:JET2) ) has shared an update.
Jet2 PLC has announced the purchase of 294,138 ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move is part of the second tranche of the buyback program, which was approved by shareholders and aims to enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:JET2) stock is a Buy with a £2150.00 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 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 operates in the travel and tourism industry, primarily offering holiday packages and flights. The company focuses on providing affordable travel options to popular holiday destinations.
Average Trading Volume: 748,253
Technical Sentiment Signal: Buy
Current Market Cap: £2.9B
For a thorough assessment of JET2 stock, go to TipRanks’ Stock Analysis page.