Avation PLC 136.5% potential upside indicated by Canaccord Genuity

Avation PLC with ticker (LON:AVAP) now has a potential upside of 136.5% according to Canaccord Genuity.



Canaccord Genuity set a target price of 240 GBX for the company, which when compared to the Avation PLC share price of 102 GBX at opening today (29/09/2023) indicates a potential upside of 136.5%. Trading has ranged between 93 (52 week low) and 143 (52 week high) with an average of 77,565 shares exchanging hands daily. The market capitalisation at the time of writing is £71,017,550.

Avation PLC is a Singapore-based commercial passenger aircraft leasing company. The Company manages a fleet of aircraft, which it leases to airlines across the world. The Company’s serves a range of customers, which includes easyJet, Eva Air, Philippine Airlines, Air India, Vietjet Air, Fiji Airways, Mandarin Airlines, Cebu Pacific, airBaltic and Danish Air Transport. The Company owns through its subsidiaries a range of commercial passenger aircraft, which are leased to various airlines in Europe, Asia, and Australia. Its portfolio includes Boeing 777-300ER, Airbus A330-300, Airbus A320-200, and ATR 72-500. The Company’s fleet comprises approximately 38 aircraft. Its subsidiaries include Avation Capital S.A., Capital Lease Aviation Limited, Avation Group (S) Pte. Ltd., AVAP Leasing (Asia) Limited, AVAP Leasing (Asia) II Limited, AVAP Leasing (Asia) III Limited, and AVAP Leasing (Asia) IV Limited.