Avation's (AVAP) "Buy" Rating Reiterated at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reiterated a "Buy" rating on Avation (LON:AVAP) with a target price of GBX 275, indicating a potential upside of 69.75% from the current stock price.
• Avation's stock opened at GBX 162, with a significant debt-to-equity ratio of 263.47, and it has fluctuated between a low of GBX 126.50 and a high of GBX 192 over the past year.
• Insider Mark Stephen Shelton purchased 1,340 shares at an average price of GBX 148, indicating confidence in the company's potential as insiders own 21.09% of the stock.

Avation (LON:AVAP - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Canaccord Genuity Group in a report released on Wednesday, MarketBeat Ratings reports. They presently have a GBX 275 price objective on the stock. Canaccord Genuity Group's price target points to a potential upside of 66.16% from the stock's current price.

Avation Trading Up 2.5%

LON:AVAP traded up GBX 4 during mid-day trading on Wednesday, hitting GBX 165.50. 58,519 shares of the company's stock were exchanged, compared to its average volume of 192,647. The company has a 50 day simple moving average of GBX 160.02 and a 200-day simple moving average of GBX 152.36. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 263.47. Avation has a fifty-two week low of GBX 126.50 and a fifty-two week high of GBX 192. The firm has a market capitalization of £109.85 million, a P/E ratio of 400.63, a PEG ratio of -0.15 and a beta of 1.17.

Insider Buying and Selling

In other Avation news, insider Mark Stephen Shelton bought 1,340 shares of the business's stock in a transaction that occurred on Friday, July 4th. The shares were acquired at an average cost of GBX 148 per share, for a total transaction of £1,983.20. 21.09% of the stock is currently owned by corporate insiders.

Avation Company Profile

Avation PLC is a specialist commercial passenger aircraft leasing company owning a fleet of commercial aircraft which it leases to airlines across the world.