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Webjet Group Limited ( (AU:WJL) ) has issued an announcement.
Webjet Group Limited has announced a strategic acquisition of Locomote, a business travel technology company, to accelerate its business travel offerings and achieve significant growth in Total Transaction Value (TTV) and EBITDA by FY30. The acquisition will allow Webjet to deliver a tailored business travel solution faster and at a lower cost than developing in-house, leveraging Locomote’s established platform and expertise. Additionally, Webjet has unveiled capital return initiatives, including a share buy-back program of up to $25 million and plans to maximize the distribution of franking credits, reflecting its commitment to returning surplus capital to shareholders while maintaining balance sheet flexibility for future growth.
The most recent analyst rating on (AU:WJL) stock is a Hold with a A$0.95 price target. To see the full list of analyst forecasts on Webjet Group Limited stock, see the AU:WJL Stock Forecast page.
More about Webjet Group Limited
Webjet Group Limited is a company operating in the travel industry, focusing on providing online travel booking services. The company offers a range of products and services, including international flights, hotel bookings, and travel packages, with a strategic focus on expanding its business travel offerings.
Average Trading Volume: 817,930
Technical Sentiment Signal: Strong Buy
Find detailed analytics on WJL stock on TipRanks’ Stock Analysis page.