Avation PLC 96.7% potential upside indicated by Canaccord Genuity

Avation PLC with ticker (LON:AVAP) now has a potential upside of 96.7% 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 122 GBX at opening today (27/10/2023) indicates a potential upside of 96.7%. Trading has ranged between 79 (52 week low) and 143 (52 week high) with an average of 666,977 shares exchanging hands daily. The market capitalisation at the time of writing is £88,072,276.

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.