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The latest announcement is out from Jet2 PLC ( (GB:JET2) ).
Jet2 PLC announced the purchase of 415,827 ordinary shares as part of its ongoing share buyback program. This move, approved by shareholders, aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and reflecting 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 operates in the travel and tourism industry, focusing on providing holiday packages and flights to various destinations.
YTD Price Performance: -12.66%
Average Trading Volume: 792,290
Technical Sentiment Signal: Hold
Current Market Cap: £2.62B
See more insights into JET2 stock on TipRanks’ Stock Analysis page.