Avation (LON:AVAP) Given “Buy” Rating at Canaccord Genuity Group

Avation (LON:AVAP – Get Rating)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity Group in a report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 250 ($3.11) price target on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 98.41% from the company’s previous close.

Avation Price Performance

Shares of Avation stock opened at GBX 126 ($1.57) on Thursday. Avation has a one year low of GBX 66 ($0.82) and a one year 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 stock’s fifty day moving average is GBX 118.70 and its 200 day moving average is GBX 115.73. The stock has a market cap of £89.31 million, a P/E ratio of 466.67, a P/E/G ratio of -0.15 and a beta of 1.24.

Insider Activity

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

Avation Company Profile

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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.