Canaccord Genuity Group Reiterates "Buy" Rating for Avation (LON:AVAP)

Avation (LON:AVAP - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Canaccord Genuity Group in a research report issued on Tuesday, MarketBeat.com reports. They presently have a GBX 285 ($3.56) price target on the stock. Canaccord Genuity Group's price objective points to a potential upside of 83.87% from the stock's current price.

Separately, Canaccord Genuity Group reduced their price objective on Avation from GBX 280 ($3.49) to GBX 255 ($3.18) and set a "buy" rating for the company in a research note on Thursday, September 26th.

Avation Stock Performance

LON AVAP traded up GBX 7.50 ($0.09) during trading on Tuesday, reaching GBX 155 ($1.93). The company's stock had a trading volume of 442,925 shares, compared to its average volume of 268,807. The business's fifty day moving average price is GBX 161.52 and its 200-day moving average price is GBX 145.40. Avation has a twelve month low of GBX 102.80 ($1.28) and a twelve month high of GBX 192 ($2.40). The company has a debt-to-equity ratio of 263.30, a quick ratio of 1.33 and a current ratio of 1.39. The firm has a market cap of £109.86 million, a price-to-earnings ratio of 738.10, a P/E/G ratio of -0.15 and a beta of 1.17.

Insider Transactions at Avation

In other Avation news, insider Stephen Fisher acquired 115 shares of the company's stock in a transaction that occurred on Friday, December 6th. The shares were purchased at an average price of £156 ($194.61) per share, with a total value of £17,940 ($22,380.24). Company insiders own 19.30% of the company's stock.

Avation Company Profile

Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. The company's fleet includes 13 narrow-body jets, two twin-aisle jets, and 21 ATR 72 twin-engine turboprop aircraft. As of June 30, 2023, the company owned and managed a fleet of 36 aircraft.