Avation (LON:AVAP) Given “Buy” Rating at Canaccord Genuity Group

Avation (LON:AVAP)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 285 ($3.60) price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 97.92% from the company’s current price.

Avation Stock Performance

LON AVAP traded down GBX 1 ($0.01) during trading on Tuesday, hitting GBX 144 ($1.82). 262,595 shares of the company’s stock traded hands, compared to its average volume of 234,057. The company has a debt-to-equity ratio of 263.47, a quick ratio of 1.33 and a current ratio of 1.39. The stock has a market capitalization of £120.51 million, a price-to-earnings ratio of 6.53, a PEG ratio of -0.15 and a beta of 1.17. Avation has a 12-month low of GBX 102.80 ($1.30) and a 12-month high of GBX 192 ($2.42). The business has a 50 day moving average of GBX 146.38 and a 200-day moving average of GBX 148.39.

Insider Activity at Avation

In related news, insider Stephen Fisher purchased 115 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were purchased at an average cost of £156 ($196.87) per share, for a total transaction of £17,940 ($22,640.08). 19.30% of the stock is owned by company insiders.

About Avation

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