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.
Avation PLC 136.5% potential upside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
Find more news, interviews, share price & company profile here for:
Avation PLC has successfully acquired an Airbus A320 on long-term lease to Etihad Airlines, expanding its fleet to 33 aircraft and enhancing customer diversity.
CEO Interviews providing valuable insights into their companies' latest financial results, strategic moves, and future outlooks
These latest equity research reports provide valuable insights into the performance and prospects of key UK-listed companies.
With airlines eager for planes and Avation positioned for steady growth, the outlook remains strong.
Avation report a strong set of interim results, highlighting robust fleet utilisation, growing lease revenues, and a solid financial position.
Results reflect resilience and ability to navigate the evolving aviation market successfully
