Avation (LON:AVAP) Price Target Cut to GBX 255

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

Avation Price Performance

Shares of LON:AVAP opened at GBX 135 ($1.81) on Thursday. The business has a fifty day simple moving average of GBX 131.24 and a 200-day simple moving average of GBX 127.41. Avation has a 52 week low of GBX 78.88 ($1.06) and a 52 week high of GBX 155 ($2.08). The company has a quick ratio of 1.33, a current ratio of 1.62 and a debt-to-equity ratio of 322.27. The company has a market cap of £95.69 million, a P/E ratio of -2,250.00, a P/E/G 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.