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

Canaccord Genuity Group reaffirmed their buy rating on shares of Avation (LON:AVAPGet Rating) in a research report report published on Thursday morning, Marketbeat reports. They currently have a GBX 250 ($3.11) target price on the stock.

Avation Stock Up 1.9 %

AVAP opened at GBX 127.85 ($1.59) on Thursday. The business has a 50 day moving average price of GBX 118.60 and a 200 day moving average price of GBX 115.57. Avation has a twelve month low of GBX 66 ($0.82) and a twelve month high of GBX 143.49 ($1.78). The company has a debt-to-equity ratio of 327.87, a quick ratio of 1.33 and a current ratio of 1.42. The firm has a market cap of £90.62 million, a P/E ratio of 473.52, a price-to-earnings-growth ratio of -0.15 and a beta of 1.24.

Insiders Place Their Bets

In other Avation news, insider Roderick Douglas Mahoney sold 138,000 shares of Avation stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of GBX 129 ($1.60), for a total value of £178,020 ($221,417.91). Company insiders own 20.05% of the company’s stock.

About Avation

(Get Rating)

Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. The company's fleet includes 14 narrow-body jets, two twin-aisle jets, and 23 ATR 72 twin-engine turboprop aircraft. As of June 30, 2022, the company owned and managed a fleet of 39 aircraft.

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