Avation (LON:AVAP) Trading Up 6.6% - What's Next?

Avation PLC (LON:AVAP - Get Free Report)'s share price shot up 6.6% on Friday . The stock traded as high as GBX 178 ($2.31) and last traded at GBX 177 ($2.30). 323,866 shares were traded during trading, an increase of 136% from the average session volume of 137,462 shares. The stock had previously closed at GBX 166 ($2.16).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price objective on shares of Avation from GBX 280 ($3.64) to GBX 255 ($3.31) and set a "buy" rating for the company in a report on Thursday, September 26th.

Avation Stock Down 0.6 %

The firm has a 50-day moving average price of GBX 140.37 and a two-hundred day moving average price of GBX 132.49. The company has a market capitalization of £124.39 million, a price-to-earnings ratio of 835.71, a PEG ratio of -0.15 and a beta of 1.17. The company has a debt-to-equity ratio of 263.30, a current ratio of 1.39 and a quick ratio of 1.33.

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.