Avation (LON:AVAP) Reaches New 12-Month High – Time to Buy?

Avation PLC (LON:AVAPGet Free Report)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 192 ($2.49) and last traded at GBX 168 ($2.18), with a volume of 3372395 shares traded. The stock had previously closed at GBX 172.50 ($2.24).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased their target price on Avation from GBX 280 ($3.63) to GBX 255 ($3.31) and set a “buy” rating for the company in a research report on Thursday, September 26th.

Get Our Latest Research Report on Avation

Avation Trading Down 2.6 %

The stock’s 50 day simple moving average is GBX 142.13 and its two-hundred day simple moving average is GBX 133.63. The stock has a market capitalization of £119.08 million, a PE ratio of 819.05, a PEG ratio of -0.15 and a beta of 1.17. The company has a debt-to-equity ratio of 263.30, a current ratio of 1.39 and a quick ratio of 1.33.

About Avation

(Get Free Report)

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.

Further Reading

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