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

Avation (LON:AVAP)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 285 ($3.57) target price on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 83.87% from the company’s current price.

Separately, Canaccord Genuity Group reduced their price objective on shares of Avation from GBX 280 ($3.50) to GBX 255 ($3.19) and set a “buy” rating for the company in a research report on Thursday, September 26th.

Avation Stock Up 5.1 %

Shares of LON:AVAP traded up GBX 7.50 ($0.09) during mid-day trading on Tuesday, hitting GBX 155 ($1.94). 528,903 shares of the company traded hands, compared to its average volume of 290,302. The stock has a market cap of £109.86 million, a P/E ratio of 738.10, a P/E/G ratio of -0.15 and a beta of 1.17. The stock has a 50-day moving average price of GBX 161.52 and a two-hundred day moving average price of GBX 145.40. Avation has a 12-month low of GBX 102.80 ($1.29) and a 12-month high of GBX 192 ($2.40). The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 263.30.

Insider Activity at Avation

In related news, insider Stephen Fisher purchased 115 shares of Avation stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average price of £156 ($195.17) per share, for a total transaction of £17,940 ($22,444.64). 19.30% of the stock is currently owned by insiders.

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.