Jet2 plc Initiates Share Buyback Program

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

Jet2 plc has announced the purchase of 201,074 ordinary shares as part of its share buyback program, which was approved by shareholders in September 2024. This move, part of the first tranche of the buyback program, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation. The shares were purchased at prices ranging from £17.95 to £18.12 and will be canceled, leaving Jet2 with 212,303,293 ordinary shares in issue. This transaction may impact the company’s stock market performance and shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

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, which includes Jet2holidays, the UK’s leading provider of ATOL protected package holidays to destinations across the Mediterranean, Canary Islands, and European Leisure Cities, and Jet2.com, the UK’s third largest airline by passenger numbers. The company operates from 13 UK airport bases and focuses on offering both package holidays and flight-only options.

Average Trading Volume: 680,276

Technical Sentiment Signal: Buy

Current Market Cap: £3.77B

Find detailed analytics on JET2 stock on TipRanks’ Stock Analysis page.