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

Canaccord Genuity Group reiterated their buy rating on shares of Avation (LON:AVAPFree Report) in a report released on Tuesday morning, Marketbeat Ratings reports. They currently have a GBX 285 ($3.61) price objective on the stock.

Avation Stock Performance

Shares of AVAP stock opened at GBX 144 ($1.83) on Tuesday. The stock has a market cap of £120.51 million, a PE ratio of 6.53, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17. The business has a 50-day simple moving average of GBX 146.38 and a 200-day simple moving average of GBX 148.39. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.47. Avation has a 52-week low of GBX 102.80 ($1.30) and a 52-week high of GBX 192 ($2.43).

Insider Activity

In other Avation news, insider Stephen Fisher purchased 115 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average price of £156 ($197.72) per share, for a total transaction of £17,940 ($22,737.64). Insiders own 19.30% of the company’s stock.

Avation Company Profile

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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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