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

Avation (LON:AVAP)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity Group in a report issued on Tuesday, MarketBeat.com reports. They currently have a GBX 285 ($3.52) price target on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 85.06% from the company’s previous close.

Separately, Canaccord Genuity Group reduced their target price on shares of Avation from GBX 280 ($3.46) to GBX 255 ($3.15) and set a “buy” rating on the stock in a research note on Thursday, September 26th.

Avation Stock Performance

Shares of LON AVAP opened at GBX 154 ($1.90) on Tuesday. The company has a debt-to-equity ratio of 263.30, a quick ratio of 1.33 and a current ratio of 1.39. The company has a market cap of £109.16 million, a P/E ratio of 733.33, a P/E/G ratio of -0.15 and a beta of 1.17. Avation has a 52-week low of GBX 102.80 ($1.27) and a 52-week high of GBX 192 ($2.37). The firm’s fifty day moving average is GBX 160.90 and its two-hundred day moving average is GBX 145.61.

Insider Activity at Avation

In related news, insider Stephen Fisher bought 115 shares of the stock in a transaction dated Friday, December 6th. The shares were purchased at an average price of £156 ($192.83) per share, for a total transaction of £17,940 ($22,175.53). 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.