Brokerages Set BBA Aviation plc (BBA) Target Price at $335.60

Shares of BBA Aviation plc (LON:BBA) have been given a consensus recommendation of “Buy” by the six brokerages that are covering the firm, reports. Six research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 335.60 ($4.39).

BBA has been the subject of a number of recent research reports. Jefferies Financial Group raised BBA Aviation to a “buy” rating and cut their target price for the stock from GBX 368 ($4.81) to GBX 290 ($3.79) in a research note on Thursday, January 10th. Liberum Capital reissued a “buy” rating on shares of BBA Aviation in a research report on Tuesday, April 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 300 ($3.92) price objective on shares of BBA Aviation in a research report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. cut their price objective on BBA Aviation from GBX 354 ($4.63) to GBX 338 ($4.42) and set an “overweight” rating for the company in a research report on Friday, March 8th.

Shares of BBA opened at GBX 265.33 ($3.47) on Tuesday. BBA Aviation has a 52-week low of GBX 207 ($2.70) and a 52-week high of GBX 354 ($4.63). The firm has a market capitalization of $2.74 billion and a price-to-earnings ratio of 20.10. The company has a debt-to-equity ratio of 74.19, a current ratio of 1.38 and a quick ratio of 0.57.

The firm also recently disclosed a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 11th will be given a dividend of $0.10 per share. This represents a dividend yield of 3.2%. This is an increase from BBA Aviation’s previous dividend of $0.04. The ex-dividend date is Thursday, April 11th. BBA Aviation’s dividend payout ratio (DPR) is presently 0.83%.

In other BBA Aviation news, insider Victoria Jarman acquired 8,363 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of GBX 238 ($3.11) per share, with a total value of £19,903.94 ($26,008.02). Also, insider Stephen King acquired 60,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were acquired at an average cost of GBX 252 ($3.29) per share, with a total value of £151,200 ($197,569.58). Insiders have purchased a total of 113,603 shares of company stock valued at $27,967,994 over the last three months.

About BBA Aviation

BBA Aviation plc provides aviation support and aftermarket services to the business and general aviation (B&GA) markets in the United Kingdom, Mainland Europe, North America, and internationally. It operates through Flight Support and Aftermarket Services segments. The company operates Signature Flight Support, a fixed base operation network that offers service support for B&GA travel, including fueling, ground handling, passenger and pilot services, and amenities; hangarage for resting and at home aircraft; technical support, line maintenance, and aircraft on ground services through Signature TECHNICAir; and aircraft management and charter services through Gama Aviation Signature Aircraft Management partnership to the passengers, operators, and pilots of the B&GA fleet.

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Analyst Recommendations for BBA Aviation (LON:BBA)

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