Avation (LON:AVAP) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Avation PLC's stock price has recently passed above its 200-day moving average, trading at GBX 165 ($2.25) with a strong volume of 61,243 shares.
• Analysts have set a "buy" rating on Avation shares, with Canaccord Genuity Group targeting a price of GBX 275 and a consensus target of GBX 265.
• The company is characterized by a high price-to-earnings ratio of 399.42 and significant insider ownership, with corporate insiders holding 21.09% of the stock.

Avation PLC (LON:AVAP - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 152.60 ($2.06) and traded as high as GBX 165 ($2.22). Avation shares last traded at GBX 165 ($2.22), with a volume of 61,243 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 275 target price on shares of Avation in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Avation has an average rating of "Buy" and an average target price of GBX 265.

Avation Stock Down 0.3%

The company has a 50 day simple moving average of GBX 160.21 and a two-hundred day simple moving average of GBX 152.82. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 263.47. The firm has a market capitalization of £108.19 million, a P/E ratio of 394.58, a P/E/G ratio of -0.15 and a beta of 1.17.

Insider Transactions at Avation

In related news, insider Mark Stephen Shelton bought 1,340 shares of the company's stock in a transaction dated Friday, July 4th. The stock was purchased at an average price of GBX 148 per share, for a total transaction of £1,983.20. 21.09% of the stock is currently owned by company 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.