Jet2 plc Initiates Share Buyback Program, Cancels 164,092 Shares

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

Jet2 plc has announced the purchase of 164,092 ordinary shares as part of its share buyback program, which was authorized by shareholders in September 2024. This move is part of the first tranche of the buyback initiative announced in April 2025, and the company plans to cancel these shares, reducing the total number of shares in issue to 213,353,470. This action is expected to impact Jet2’s market positioning by potentially increasing shareholder value and reflects the company’s ongoing strategy to manage its capital structure effectively.

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, 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, 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: 735,419

Technical Sentiment Signal: Buy

Current Market Cap: £3.71B

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