Liberum Capital reaffirmed their buy rating on shares of BBA Aviation (LON:BBA) in a research note published on Wednesday, Digital Look reports. They currently have a GBX 365 ($4.77) price target on the stock.
Several other research firms also recently issued reports on BBA. Barclays decreased their price objective on shares of BBA Aviation from GBX 350 ($4.57) to GBX 347 ($4.53) and set an overweight rating for the company in a research note on Monday, November 4th. Jefferies Financial Group boosted their price objective on shares of BBA Aviation from GBX 290 ($3.79) to GBX 325 ($4.25) and gave the stock a buy rating in a research note on Wednesday, July 24th. Peel Hunt reiterated an add rating and set a GBX 340 ($4.44) price objective on shares of BBA Aviation in a research note on Wednesday, October 2nd. Berenberg Bank downgraded shares of BBA Aviation to a hold rating and boosted their price objective for the stock from GBX 330 ($4.31) to GBX 335 ($4.38) in a research note on Thursday, September 26th. Finally, HSBC downgraded shares of BBA Aviation to a hold rating and decreased their price objective for the stock from GBX 355 ($4.64) to GBX 330 ($4.31) in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of GBX 342 ($4.47).
BBA traded up GBX 4.20 ($0.05) during trading on Wednesday, hitting GBX 306.80 ($4.01). 1,350,906 shares of the company’s stock were exchanged, compared to its average volume of 2,270,000. The company has a current ratio of 1.33, a quick ratio of 0.53 and a debt-to-equity ratio of 140.32. BBA Aviation has a 1 year low of GBX 207 ($2.70) and a 1 year high of GBX 326.80 ($4.27). The stock has a 50 day moving average price of GBX 306.83 and a 200 day moving average price of GBX 291.91. The firm has a market cap of $3.17 billion and a P/E ratio of 30.99.
The company also recently announced a dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be given a dividend of $0.81 per share. This is a boost from BBA Aviation’s previous dividend of $0.04. The ex-dividend date of this dividend is Monday, November 25th. BBA Aviation’s payout ratio is presently 1.11%.
BBA Aviation Company Profile
BBA Aviation plc provides aviation support and aftermarket services to the business and general aviation (B&GA) markets in the United Kingdom, Mainland Europe, North America, and internationally. It operates through Signature and Ontic segments. The company operates Signature Flight Support, a fixed base operation network that offers service support for B&GA travel, including fueling, ground handling, passenger and pilot services, and amenities; hangarage for overnight parking and home based aircraft storage; technical support, line and heavy maintenance, inspection, and aircraft on ground (AoG) services through Signature TECHNICAir; Signature ELITE class that provides Signature service and accommodation to commercial travelers; and aircraft management and charter services through Gama Aviation Signature Aircraft Management for passengers, operators, and pilots of the B&GA fleet.
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