Jet2 plc Initiates Share Buyback Program

The latest update is out from Jet2 PLC ( (GB:JET2) ).

Jet2 plc has announced the purchase of 100,000 ordinary shares as part of its share buyback program, with plans to cancel these shares. This move is part of a strategic initiative to manage the company’s capital structure and potentially enhance shareholder value. Following the cancellation, Jet2 will have 210,409,234 ordinary shares in issue, which may impact shareholders’ calculations regarding their interests in the company.

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. It also operates Jet2.com, the UK’s third largest airline by passenger numbers, focusing on scheduled holiday flights. The company operates from 13 UK airport bases including major cities such as London, Manchester, and Edinburgh.

Average Trading Volume: 732,002

Technical Sentiment Signal: Buy

Current Market Cap: £3.77B

For detailed information about JET2 stock, go to TipRanks’ Stock Analysis page.