Jet2 plc Commences Share Buyback Program

Jet2 PLC ( (GB:JET2) ) has issued an update.

Jet2 plc has initiated a share buyback program, purchasing 100,000 ordinary shares at a volume-weighted average price of £18.7817 per share, with plans to cancel these shares. This move is part of a strategy to manage the company’s capital structure, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.

The most recent analyst rating on (GB:JET2) stock is a Buy with a £1700.00 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 includes Jet2holidays, the UK’s leading provider of ATOL protected package holidays to destinations across the Mediterranean, Canary Islands, and European Leisure Cities. Jet2.com, part of the group, is the UK’s third largest airline by passenger numbers, specializing in scheduled holiday flights. The company operates from 13 UK airport bases.

Average Trading Volume: 723,784

Technical Sentiment Signal: Buy

Current Market Cap: £4.06B

For an in-depth examination of JET2 stock, go to TipRanks’ Overview page.