Avation PLC 51.1% potential upside indicated by Canaccord Genuity

Avation PLC with ticker (LON:AVAP) now has a potential upside of 51.1% according to Canaccord Genuity.

AVAP.L

Canaccord Genuity set a target price of 255 GBX for the company, which when compared to the Avation PLC share price of 169 GBX at opening today (15/11/2024) indicates a potential upside of 51.1%. Trading has ranged between 102 (52 week low) and 192 (52 week high) with an average of 392,615 shares exchanging hands daily. The market capitalisation at the time of writing is £123,044,295.

Avation PLC is a Singapore-based commercial passenger aircraft leasing company. The Company is engaged in managing a fleet of widebody, narrowbody jet and turboprop aircraft which it leases to airlines across the world. It manages a fleet of approximately 34 aircraft. The Company’s portfolio of fleet includes Boeing 777-300ER, Airbus A330-300, Airbus A321-200, Airbus A320-200, Airbus A220-300, ATR 72-600, and ATR 72-500. The Company’s customers include over 16 commercial airlines in 14 countries. Its customers include EasyJet, EVA Air, Philippine Airlines, Alliance Air India, VietJet Air, Fiji Airways, Mandarin Airlines, Cebu Pacific, airBaltic, Danish Air Transport, Aerlink, PNG Air and Braathens, among others. 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, AVAP Leasing (Asia) IV Limited, Capital MSN 4033 II Limited and others.