Avation (LON:AVAP) Reaches New 1-Year High – Here’s What Happened

Avation PLC (LON:AVAP) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 169.50 ($2.21) and last traded at GBX 166 ($2.17), with a volume of 705108 shares changing hands. The stock had previously closed at GBX 166 ($2.17).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price objective on shares of Avation from GBX 280 ($3.66) to GBX 255 ($3.33) and set a “buy” rating for the company in a report on Thursday, September 26th.

Avation Price Performance

The company has a debt-to-equity ratio of 263.30, a current ratio of 1.39 and a quick ratio of 1.33. The stock’s fifty day moving average is GBX 134.66 and its 200-day moving average is GBX 129.82. The stock has a market cap of £117.66 million, a PE ratio of 790.48, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17.

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.