Avation (LON:AVAP) Sets New 52-Week Low – Here’s Why

Shares of Avation PLC (LON:AVAP) hit a new 52-week low on Monday . The company traded as low as GBX 122.44 and last traded at GBX 129.44, with a volume of 348143 shares trading hands. The stock had previously closed at GBX 130.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their target price on shares of Avation from GBX 250 to GBX 270 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 270.

Avation Price Performance

The company has a 50 day moving average of GBX 138.93 and a 200 day moving average of GBX 145.80. The company has a debt-to-equity ratio of 255.58, a quick ratio of 1.33 and a current ratio of 1.15. The stock has a market capitalization of £80.40 million, a price-to-earnings ratio of -11.50, a PEG ratio of -0.15 and a beta of 1.17.

About Avation

Avation PLC is a specialist commercial passenger aircraft leasing company owning a fleet of commercial aircraft which it leases to airlines across the world.