Avation (LON:AVAP) Reaches New 1-Year High – Here’s What Happened

Avation PLC (LON:AVAP)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 169.50 ($2.21) and last traded at GBX 166 ($2.17), with a volume of 705108 shares changing hands. The stock had previously closed at GBX 166 ($2.17).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price objective on shares of Avation from GBX 280 ($3.66) to GBX 255 ($3.33) and set a “buy” rating for the company in a research note on Thursday, September 26th.

Avation Price Performance

The firm’s fifty day moving average price is GBX 134.66 and its 200 day moving average price is GBX 129.82. The firm has a market capitalization of £117.66 million, a PE ratio of 790.48, a P/E/G ratio of -0.15 and a beta of 1.17. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 263.30.

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.