TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An announcement from Jet2 PLC ( (GB:JET2) ) is now available.
Jet2 PLC has announced the repurchase of 57,013 ordinary shares as part of its £100 million share buyback program. This strategic move, authorized by shareholders, is aimed at enhancing shareholder value by reducing the number of shares in circulation, potentially increasing the value of remaining shares.
The most recent analyst rating on (GB:JET2) stock is a Buy with a £1529.00 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 strong financial performance, strategic growth initiatives, and undervaluation relative to peers are significant strengths. The company’s robust earnings call and proactive corporate events, such as the share buyback program, further enhance its investment appeal. However, concerns about cash flow and rising operational costs slightly temper the overall outlook.
To see Spark’s full report on GB:JET2 stock, click here.
More about Jet2 PLC
Jet2 PLC operates in the leisure travel industry, focusing on providing holiday packages and flights. The company is known for its comprehensive travel services, catering primarily to leisure travelers seeking holiday experiences.
YTD Price Performance: -13.17%
Average Trading Volume: 666,564
Technical Sentiment Signal: Hold
Current Market Cap: £2.56B
Find detailed analytics on JET2 stock on TipRanks’ Stock Analysis page.