Avation’s (AVAP) Buy Rating Reaffirmed at Canaccord Genuity Group

Avation (LON:AVAP)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They currently have a GBX 285 ($3.61) price objective on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 105.78% from the company’s previous close.

Avation Price Performance

Shares of LON AVAP opened at GBX 138.50 ($1.76) on Tuesday. The stock has a market cap of £115.91 million, a P/E ratio of 6.28, a P/E/G ratio of -0.15 and a beta of 1.17. Avation has a twelve month low of GBX 102.80 ($1.30) and a twelve month high of GBX 192 ($2.44). The stock has a 50 day moving average of GBX 145.89 and a two-hundred day moving average of GBX 148.40. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 263.47.

Insider Activity

In other news, insider Stephen Fisher acquired 115 shares of Avation stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average price of £156 ($197.84) per share, for a total transaction of £17,940 ($22,752.06). Corporate insiders own 19.30% of the company’s stock.

Avation Company Profile

Avation PLC is a specialist commercial passenger aircraft leasing company owning a fleet of commercial aircraft which it leases to airlines across the world.