Is Avation PLC a Buy? The Stock Reaches 52-Week High Today


The stock of Avation PLC (LON:AVAP) hit a new 52-week high and has GBX 405.04 target or 144.00% above today’s GBX 166.00 share price. The 8 months bullish chart indicates low risk for the GBX 91.90M company. The 1-year high was reported on Sep, 14 by If the GBX 405.04 price target is reached, the company will be worth GBX 132.34 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 5.06% or GBX 8 on September 13, hitting GBX 166. About 128,761 shares traded hands or 148.69% up from the average. Avation PLC (LON:AVAP) has risen 19.42% since February 15, 2016 and is uptrending. It has outperformed by 2.94% the S&P500.

Out of 2 analysts covering Avation (LON:AVAP), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 260 is the highest target while GBX 206 is the lowest. The GBX 260 average target is 56.63% above today’s (GBX 166) stock price. Avation has been the topic of 8 analyst reports since September 21, 2015 according to StockzIntelligence Inc. Beaufort Securities maintained the stock on April 11 with “Speculative Buy” rating.

Avation PLC is a United Kingdom-based company, which is engaged in commercial passenger aircraft leasing. The company has a market cap of 91.90 million GBP. The Firm operates through two business divisions: aircraft leasing and business procurement. It has a 6.44 P/E ratio. The Company, through its subsidiaries, owns and manages a range of commercial passenger jet aircraft, which are leased to airlines in Europe, Asia and Australia.

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