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Avation (LON:AVAP) Earns "Buy" Rating from Canaccord Genuity Group

Avation logo with Industrials background

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.
  • Five stocks we like better than Avation.

Avation (LON:AVAP - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Canaccord Genuity Group in a report issued on Wednesday, Marketbeat reports. They currently have a GBX 275 price objective on the stock. Canaccord Genuity Group's target price points to a potential upside of 70.28% from the stock's current price.

Avation Price Performance

AVAP stock traded down GBX 3 during trading on Wednesday, hitting GBX 161.50. The stock had a trading volume of 118,201 shares, compared to its average volume of 193,405. The company's 50 day moving average price is GBX 160.02 and its two-hundred day moving average price is GBX 152.26. Avation has a 1-year low of GBX 126.50 and a 1-year high of GBX 192. The stock has a market cap of £107.19 million, a price-to-earnings ratio of 390.95, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17. The company has a debt-to-equity ratio of 263.47, a quick ratio of 1.33 and a current ratio of 1.39.

Insider Activity at Avation

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

About Avation

(Get Free Report)

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

Further Reading

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