tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Jet2 PLC Advances Share Buyback Program with New Purchase

Story Highlights
Jet2 PLC Advances Share Buyback Program with New Purchase

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An announcement from Jet2 PLC ( (GB:JET2) ) is now available.

Jet2 PLC has announced the purchase of 80,297 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, reflecting the company’s strategy to enhance shareholder value and optimize its 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 primarily focuses on providing holiday packages and flights. The company operates in the travel and tourism industry, catering to leisure travelers seeking vacation experiences.

Average Trading Volume: 793,650

Technical Sentiment Signal: Buy

Current Market Cap: £3.28B

Find detailed analytics on JET2 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1