Avation (LON:AVAP) PT Lowered to GBX 255

Avation (LON:AVAP) had its target price reduced by equities research analysts at Canaccord Genuity Group from GBX 280 ($3.75) to GBX 255 ($3.41) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 88.89% from the stock’s previous close.

Avation Stock Down 0.9 %

Shares of AVAP opened at GBX 135 ($1.81) on Thursday. The business’s 50 day simple moving average is GBX 131.24 and its 200-day simple moving average is GBX 127.41. Avation has a one year low of GBX 78.88 ($1.06) and a one year high of GBX 155 ($2.08). The company has a debt-to-equity ratio of 322.27, a current ratio of 1.62 and a quick ratio of 1.33. The company has a market capitalization of £95.69 million, a P/E ratio of -2,250.00, a PEG 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.