Avation’s (LON:AVAP) Buy Rating Reiterated at Canaccord Genuity

Avation (LON:AVAP)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a research note issued on Monday, February 26th. They currently have a GBX 300 ($4.14) price objective on the stock. Canaccord Genuity’s target price points to a potential upside of 36.36% from the stock’s previous close.

Avation (LON:AVAP) traded down GBX 5 ($0.07) during midday trading on Monday, hitting GBX 220 ($3.04). 20,658 shares of the company traded hands, compared to its average volume of 28,046. The firm has a market cap of $139.09 and a price-to-earnings ratio of 916.67. Avation has a twelve month low of GBX 189.20 ($2.61) and a twelve month high of GBX 250 ($3.45).

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About Avation

Avation PLC is engaged in leasing of aircraft. The Company is a commercial passenger aircraft leasing group managing a fleet of 38 aircraft, which are leased to airlines globally. The Company’s segments include aircraft leasing and business procurement. The Company’s fleet includes Airbus A320 and A321 narrow body jets, ATR 72 twin engine turboprop aircraft and five older Fokker 100 jets.

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