Stephen Fisher Purchases 115 Shares of Avation PLC (LON:AVAP) Stock

Avation PLC (LON:AVAP) insider Stephen Fisher purchased 115 shares of the business’s stock in a transaction on Friday, December 6th. The shares were acquired at an average cost of £156 ($198.85) per share, for a total transaction of £17,940 ($22,868.07).

Avation Stock Down 1.6 %

LON:AVAP opened at GBX 156.50 ($1.99) on Tuesday. Avation PLC has a twelve month low of GBX 102.80 ($1.31) and a twelve month high of GBX 192 ($2.45). The firm has a market capitalization of £110.93 million, a price-to-earnings ratio of 745.24, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.30. The stock’s 50 day moving average price is GBX 161.20 and its two-hundred day moving average price is GBX 143.54.

Avation Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, December 23rd. Investors of record on Thursday, November 28th will be issued a dividend of GBX 0.50 ($0.01) per share. This represents a yield of 0.29%. This is an increase from Avation’s previous dividend of $0.02. The ex-dividend date is Thursday, November 28th. Avation’s payout ratio is presently 3,809.52%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their target price on Avation from GBX 280 ($3.57) to GBX 255 ($3.25) and set a “buy” rating on the stock in a research report on Thursday, September 26th.

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.