Avation PLC (LON:AVAP) Insider Stephen Fisher Buys 115 Shares of Stock

Avation PLC (LON:AVAP) insider Stephen Fisher purchased 115 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average cost of £156 ($198.85) per share, for a total transaction of £17,940 ($22,868.07).

Avation Trading Down 1.6 %

Shares of LON:AVAP opened at GBX 156.50 ($1.99) on Tuesday. The firm has a market cap of £110.93 million, a price-to-earnings ratio of 745.24, a PEG ratio of -0.15 and a beta of 1.17. Avation PLC has a 12 month low of GBX 102.80 ($1.31) and a 12 month high of GBX 192 ($2.45). The company’s fifty day simple moving average is GBX 161.20 and its 200 day simple moving average is GBX 143.54. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.30.

Avation Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, December 23rd. Shareholders of record on Thursday, November 28th will be paid a GBX 0.50 ($0.01) dividend. This is an increase from Avation’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 0.29%. Avation’s dividend payout ratio (DPR) is currently 3,809.52%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their target price on Avation from GBX 280 ($3.57) to GBX 255 ($3.25) and set a “buy” rating for the company in a research note on Thursday, September 26th.

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.