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Jet2 PLC ( (GB:JET2) ) has issued an update.
Jet2 PLC has announced the purchase of 202,274 ordinary shares as part of its ongoing share buyback program. This move, authorized by shareholders, is part of a strategy to enhance shareholder value by reducing the number of shares in circulation, which could potentially improve earnings per share and market perception.
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: 743,406
Technical Sentiment Signal: Buy
Current Market Cap: £2.84B
Find detailed analytics on JET2 stock on TipRanks’ Stock Analysis page.