Canaccord Genuity Reaffirms Buy Rating for Avation (AVAP)

Canaccord Genuity reissued their buy rating on shares of Avation (LON:AVAP) in a research note released on Monday. The firm currently has a GBX 335 ($4.38) price objective on the stock.

AVAP opened at GBX 277 ($3.62) on Monday. Avation has a 1-year low of GBX 189.20 ($2.47) and a 1-year high of GBX 250 ($3.27).

In other Avation news, insider Roderick Douglas Mahoney purchased 133,000 shares of the company’s stock in a transaction that occurred on Monday, November 26th. The shares were acquired at an average price of GBX 253 ($3.31) per share, for a total transaction of £336,490 ($439,683.78).

Avation Company Profile

Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. As of June 30, 2018, the company managed a fleet of 38 aircraft. It is also involved in the financing business. The company was founded in 2006 and is headquartered in Singapore.

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