Shares of BBA Aviation plc (LON:BBA) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 360 ($4.88) and last traded at GBX 358.40 ($4.86), with a volume of 2520000 shares changing hands. The stock had previously closed at GBX 358.40 ($4.86).
A number of research firms have issued reports on BBA. Citigroup raised BBA Aviation to a “buy” rating and raised their target price for the company from GBX 330 ($4.48) to GBX 400 ($5.42) in a report on Monday. Investec reaffirmed a “buy” rating and issued a GBX 335 ($4.54) target price on shares of BBA Aviation in a report on Tuesday, November 14th. reaffirmed a “buy” rating and issued a GBX 335 ($4.54) target price on shares of BBA Aviation in a report on Tuesday, November 14th. JPMorgan Chase & Co. raised their target price on BBA Aviation from GBX 361 ($4.90) to GBX 372 ($5.04) and gave the company an “overweight” rating in a report on Wednesday, November 15th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 325 ($4.41) target price on shares of BBA Aviation in a report on Tuesday, November 14th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 349.57 ($4.74).
The firm has a market cap of $3,690.00 and a price-to-earnings ratio of 2,560.00.
BBA Aviation Company Profile
BBA Aviation plc is a provider of global aviation support and aftermarket services primarily focused on servicing the Business and General Aviation (B&GA) market. The Company operates through two divisions: Flight Support and Aftermarket Services. The Flight Support businesses include Signature Flight Support, which is a fixed base operation (FBO) network for B&GA covering destinations in North America, Europe, Caribbean, Africa and Asia.
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