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Jet2 PLC ( (GB:JET2) ) has shared an announcement.
Jet2 plc has announced the purchase of 67,464 ordinary shares as part of its share buyback program, with plans to cancel these shares. This move is part of a broader strategy to manage the company’s capital structure and could potentially enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:JET2) stock is a Buy with a £1850.00 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, a leading provider of ATOL protected package holidays to destinations across the Mediterranean, Canary Islands, and European Leisure Cities. Jet2.com, the UK’s third largest airline by passenger numbers, specializes in scheduled holiday flights. The company operates from 13 UK airport bases.
YTD Price Performance: 15.48%
Average Trading Volume: 745,434
Technical Sentiment Signal: Buy
Current Market Cap: £3.78B
See more data about JET2 stock on TipRanks’ Stock Analysis page.