Canaccord Genuity Group Cuts Avation (LON:AVAP) Price Target to GBX 255

Avation (LON:AVAP) had its target price cut by Canaccord Genuity Group from GBX 280 ($3.75) to GBX 255 ($3.41) in a report issued on Thursday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Avation Trading Down 0.9 %

Shares of LON:AVAP opened at GBX 135 ($1.81) on Thursday. The company has a debt-to-equity ratio of 322.27, a current ratio of 1.62 and a quick ratio of 1.33. The company’s 50-day moving average price is GBX 131.40 and its two-hundred day moving average price is GBX 127.60. The stock has a market capitalization of £95.69 million, a PE ratio of -2,250.00, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17. Avation has a one year low of GBX 78.88 ($1.06) and a one year high of GBX 155 ($2.08).

About Avation

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.