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Jet2 PLC ( (GB:JET2) ) just unveiled an announcement.
Jet2 plc announced the purchase of 100,000 ordinary shares as part of its buyback program, with plans to cancel these shares. This move is part of a strategy to manage the company’s capital structure and potentially enhance shareholder value. Following the cancellation, Jet2 will have 209,652,069 ordinary shares in issue, which may impact 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 £2000.00 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 leisure destinations across the Mediterranean, Canary Islands, and European Leisure Cities. Jet2.com is the UK’s third largest airline by number of passengers flown, specializing in scheduled holiday flights. The company operates from 13 UK airport bases and offers both package holidays and flight-only options.
Average Trading Volume: 738,131
Technical Sentiment Signal: Buy
Current Market Cap: £3.78B
See more insights into JET2 stock on TipRanks’ Stock Analysis page.