BBA Aviation (LON:BBA) had its target price lowered by investment analysts at Peel Hunt from GBX 340 ($4.44) to GBX 336 ($4.39) in a report released on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage presently has an “add” rating on the stock. Peel Hunt’s price objective would suggest a potential upside of 9.52% from the company’s current price.
BBA has been the topic of a number of other research reports. Jefferies Financial Group raised their target price on shares of BBA Aviation from GBX 290 ($3.79) to GBX 325 ($4.25) and gave the company a “buy” rating in a research report on Wednesday, July 24th. Peel Hunt reissued an “add” rating and set a GBX 340 ($4.44) target price on shares of BBA Aviation in a research report on Wednesday, October 2nd. Liberum Capital reissued a “buy” rating on shares of BBA Aviation in a research report on Friday, November 1st. Berenberg Bank downgraded shares of BBA Aviation to a “hold” rating and raised their target price for the company from GBX 330 ($4.31) to GBX 335 ($4.38) in a research report on Thursday, September 26th. Finally, Barclays cut their target price on shares of BBA Aviation from GBX 350 ($4.57) to GBX 347 ($4.53) and set an “overweight” rating on the stock in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. BBA Aviation currently has an average rating of “Buy” and a consensus target price of GBX 342 ($4.47).
BBA stock traded up GBX 4.20 ($0.05) during trading on Tuesday, hitting GBX 306.80 ($4.01). The company had a trading volume of 1,334,546 shares, compared to its average volume of 2,270,000. The firm has a market capitalization of $3.17 billion and a P/E ratio of 30.99. BBA Aviation has a 52-week low of GBX 207 ($2.70) and a 52-week high of GBX 326.80 ($4.27). The company has a 50 day simple moving average of GBX 306.83 and a 200-day simple moving average of GBX 291.91. The company has a quick ratio of 0.53, a current ratio of 1.33 and a debt-to-equity ratio of 140.32.
BBA Aviation plc provides aviation support and aftermarket services to the business and general aviation (B&GA) markets in the United Kingdom, Mainland Europe, North America, and internationally. It operates through Signature and Ontic segments. The company operates Signature Flight Support, a fixed base operation network that offers service support for B&GA travel, including fueling, ground handling, passenger and pilot services, and amenities; hangarage for overnight parking and home based aircraft storage; technical support, line and heavy maintenance, inspection, and aircraft on ground (AoG) services through Signature TECHNICAir; Signature ELITE class that provides Signature service and accommodation to commercial travelers; and aircraft management and charter services through Gama Aviation Signature Aircraft Management for passengers, operators, and pilots of the B&GA fleet.
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