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An announcement from Jet2 PLC ( (GB:JET2) ) is now available.
Jet2 PLC announced the purchase of 59,831 ordinary shares as part of its £100 million share buyback program. This move is intended to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and signaling confidence in the company’s future prospects.
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 is a leisure travel group that operates in the travel and tourism industry, offering holiday packages and flights primarily in the UK and European markets.
Average Trading Volume: 672,882
Technical Sentiment Signal: Hold
Current Market Cap: £2.54B
See more insights into JET2 stock on TipRanks’ Stock Analysis page.