The stock of Avation PLC (LON:AVAP) hit a new 52-week high and has GBX 216.47 target or 9.00% above today’s GBX 198.60 share price. The 6 months bullish chart indicates low risk for the GBX 109.59M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the GBX 216.47 price target is reached, the company will be worth GBX 9.86M 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 0.81% or GBX 1.6 on November 23, hitting GBX 198.6. About 68,371 shares traded hands. Avation PLC (LON:AVAP) has risen 36.81% since April 26, 2016 and is uptrending. It has outperformed by 31.48% 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. GBX 260 is the highest target while GBX 178 is the lowest. The GBX 219 average target is 10.27% above today’s (GBX 198.6) stock price. Avation has been the topic of 10 analyst reports since September 7, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, February 26 by WH Ireland. WH Ireland maintained Avation PLC (LON:AVAP) on Friday, December 11 with “Buy” rating. The stock of Avation PLC (LON:AVAP) earned “Speculative Buy” rating by Beaufort Securities on Monday, April 11. The firm has “Speculative Buy” rating given on Tuesday, October 13 by Beaufort Securities. The company was maintained on Monday, September 7 by WH Ireland. WH Ireland maintained the shares of AVAP in a report on Monday, September 21 with “Buy” rating. The stock of Avation PLC (LON:AVAP) has “Buy” rating given on Tuesday, November 17 by WH Ireland. The stock of Avation PLC (LON:AVAP) earned “Speculative Buy” rating by Beaufort Securities on Monday, September 14. WH Ireland maintained Avation PLC (LON:AVAP) on Friday, October 16 with “Buy” rating. The stock has “Speculative Buy” rating given by Beaufort Securities on Tuesday, September 22.
More recent Avation PLC (LON:AVAP) news were published by: Marketwired.com which released: “Avation PLC Announces Adviser for Turboprop Portfolio” on November 11, 2016. Also Businesswire.com published the news titled: “Fitch Affirms Avation PLC at ‘B+’; Outlook Stable” on July 26, 2016. Uk.Finance.Yahoo.com‘s news article titled: “-LSE Ticker: 196F55/ISIN: GB00B196F554” with publication date: March 29, 2014 was also an interesting one.
Avation PLC is engaged in leasing of aircraft. The company has a market cap of 109.59 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 7.22 P/E ratio. The Company’s divisions include aircraft leasing and business procurement.
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