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

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

Separately, Canaccord Genuity Group lowered their price objective on Avation from GBX 280 ($3.46) to GBX 255 ($3.15) and set a “buy” rating for the company in a research report on Thursday, September 26th.

Avation Stock Down 0.6 %

Shares of LON AVAP opened at GBX 154 ($1.90) on Tuesday. Avation has a 52-week low of GBX 102.80 ($1.27) and a 52-week high of GBX 192 ($2.37). The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.30. The business’s 50 day moving average is GBX 160.90 and its two-hundred day moving average is GBX 145.61. The firm has a market cap of £109.16 million, a price-to-earnings ratio of 733.33, a PEG ratio of -0.15 and a beta of 1.17.

Insider Transactions at Avation

In related news, insider Stephen Fisher bought 115 shares of Avation stock in a transaction that occurred on Friday, December 6th. The shares were purchased at an average price of £156 ($192.83) per share, with a total value of £17,940 ($22,175.53). Insiders own 19.30% of the company’s stock.

About Avation

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.