Barclays PLC restated their overweight rating on shares of BBA Aviation plc (LON:BBA) in a research note released on Monday, July 10th, MarketBeat reports. The firm currently has a GBX 340 ($4.43) price objective on the stock.
A number of other brokerages also recently commented on BBA. Liberum Capital reaffirmed a hold rating and issued a GBX 325 ($4.23) price objective on shares of BBA Aviation plc in a research report on Monday, June 5th. J P Morgan Chase & Co reissued an overweight rating and set a GBX 347 ($4.52) price target on shares of BBA Aviation plc in a research report on Monday, May 8th. Citigroup Inc. downgraded BBA Aviation plc to a neutral rating and set a GBX 330 ($4.30) price target for the company. in a research report on Monday, May 8th. Finally, Jefferies Group LLC boosted their price target on BBA Aviation plc from GBX 295 ($3.84) to GBX 340 ($4.43) and gave the company a buy rating in a research report on Tuesday, March 21st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of GBX 303 ($3.95).
BBA Aviation plc (LON BBA) traded down 1.72% during trading on Monday, hitting GBX 297.80. The stock had a trading volume of 1,127,647 shares. The stock’s 50-day moving average is GBX 307.21 and its 200 day moving average is GBX 303.86. The firm’s market cap is GBX 3.06 billion. BBA Aviation plc has a one year low of GBX 228.70 and a one year high of GBX 324.50.
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In other news, insider Nigel Rudd acquired 4,890 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were purchased at an average price of GBX 305 ($3.97) per share, for a total transaction of £14,914.50 ($19,430.04).
About BBA Aviation plc
BBA Aviation plc is a provider of global aviation support and aftermarket services primarily focused on servicing the Business and General Aviation (B&GA) market. The Company operates through two divisions: Flight Support and Aftermarket Services. The Flight Support businesses include Signature Flight Support, which is a fixed base operation (FBO) network for B&GA covering destinations in North America, Europe, Caribbean, Africa and Asia.
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