Avation (LON:AVAP) Sets New 1-Year High – What’s Next?

Avation PLC (LON:AVAP) shares reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 178 ($2.31) and last traded at GBX 177 ($2.30), with a volume of 319131 shares. The stock had previously closed at GBX 166 ($2.16).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their target price on Avation from GBX 280 ($3.64) to GBX 255 ($3.31) and set a “buy” rating on the stock in a research report on Thursday, September 26th.

Avation Price Performance

The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 263.30. The stock has a market cap of £124.39 million, a price-to-earnings ratio of 835.71, a PEG ratio of -0.15 and a beta of 1.17. The stock has a 50-day moving average price of GBX 140.37 and a two-hundred day moving average price of GBX 132.49.

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.