Could Avation PLC Go Down After Reaching 52-Week High?

 Could Avation PLC Go Down After Reaching 52 Week High?

The stock of Avation PLC (LON:AVAP) hit a new 52-week high and has GBX 322.18 target or 81.00% above today’s GBX 178.00 share price. The 6 months bullish chart indicates low risk for the GBX 105.34 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the GBX 322.18 price target is reached, the company will be worth GBX 85.33 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 2.30% or GBX 4 on November 7, hitting GBX 178. About 90,209 shares traded hands or 69.05% up from the average. Avation PLC (LON:AVAP) has risen 28.99% since April 11, 2016 and is uptrending. It has outperformed by 27.03% the S&P500.

Avation PLC (LON:AVAP) Ratings Coverage

Out of 2 analysts covering Avation (LON:AVAP), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Avation has been the topic of 10 analyst reports since September 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Beaufort Securities with “Speculative Buy” on Tuesday, October 13. WH Ireland maintained Avation PLC (LON:AVAP) on Monday, September 21 with “Buy” rating. The firm has “Buy” rating given on Tuesday, November 17 by WH Ireland. The stock has “Buy” rating given by WH Ireland on Friday, October 16. The firm earned “Buy” rating on Monday, September 7 by WH Ireland. The company was maintained on Tuesday, September 22 by Beaufort Securities. WH Ireland maintained Avation PLC (LON:AVAP) rating on Friday, December 11. WH Ireland has “Buy” rating and GBX 260 price target. Beaufort Securities maintained the shares of AVAP in a report on Monday, April 11 with “Speculative Buy” rating. The stock has “Buy” rating given by WH Ireland on Friday, February 26. The stock of Avation PLC (LON:AVAP) has “Speculative Buy” rating given on Monday, September 14 by Beaufort Securities.

More important recent Avation PLC (LON:AVAP) news were published by: Businesswire.com which released: “Fitch Affirms Avation PLC at ‘B+’; Outlook Stable” on July 26, 2016, also Uk.Finance.Yahoo.com published article titled: “Avation PLC (AVAP.L)”, Businesswire.com published: “Fitch Rates Avation PLC’s IDR ‘B+’; Outlook Stable” on June 16, 2015. More interesting news about Avation PLC (LON:AVAP) was released by: Fool.Co.Uk and their article: “Will Avation PLC, Dart Group PLC And easyJet plc Fly 50% Higher In 2016?” with publication date: February 19, 2016.

Avation PLC is engaged in leasing of aircraft. The company has a market cap of 105.34 million GBP. The Firm is a commercial passenger aircraft leasing group managing a fleet of 38 aircraft, which are leased to airlines globally. It has a 6.37 P/E ratio. The Company’s divisions include aircraft leasing and business procurement.

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