Canaccord Genuity Group Reiterates Buy Rating for Avation (LON:AVAP)

Canaccord Genuity Group reissued their buy rating on shares of Avation (LON:AVAP) in a research note published on Tuesday morning, Marketbeat Ratings reports. They currently have a GBX 285 ($3.56) price objective on the stock.

Separately, Canaccord Genuity Group dropped their price objective on shares of Avation from GBX 280 ($3.49) to GBX 255 ($3.18) and set a “buy” rating on the stock in a report on Thursday, September 26th.

Avation Price Performance

Shares of LON AVAP opened at GBX 154.50 ($1.93) on Tuesday. The company has a debt-to-equity ratio of 263.30, a current ratio of 1.39 and a quick ratio of 1.33. The firm has a market capitalization of £109.51 million, a PE ratio of 735.71, a P/E/G ratio of -0.15 and a beta of 1.17. Avation has a 1-year low of GBX 102.80 ($1.28) and a 1-year high of GBX 192 ($2.40). The business’s fifty day moving average price is GBX 161.52 and its two-hundred day moving average price is GBX 145.40.

Avation Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, November 28th were issued a GBX 0.50 ($0.01) dividend. This represents a yield of 0.29%. This is a positive change from Avation’s previous dividend of $0.02. The ex-dividend date was Thursday, November 28th. Avation’s dividend payout ratio is 3,809.52%.

Insider Activity at Avation

In related news, insider Stephen Fisher acquired 115 shares of Avation stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average price of £156 ($194.61) per share, with a total value of £17,940 ($22,380.24). 19.30% of the stock is owned by insiders.

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.