Jet2 plc Initiates Share Buyback Program

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

Jet2 plc has initiated the first tranche of its share buyback program, purchasing 123,249 ordinary shares at an average price of £17.7554 per share. This move is part of a broader strategy to manage the company’s capital structure and is expected to impact the number of shares in circulation, potentially affecting shareholder value and market perception.

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, consisting of Jet2holidays, the UK’s leading provider of ATOL protected package holidays to leisure destinations across the Mediterranean, Canary Islands, and European Leisure Cities, and Jet2.com, 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: 672,354

Technical Sentiment Signal: Buy

Current Market Cap: £3.76B

Find detailed analytics on JET2 stock on TipRanks’ Stock Analysis page.