BBA Aviation plc’s (BBA) “Buy” Rating Reaffirmed at Investec

Investec reiterated their buy rating on shares of BBA Aviation plc (LON:BBA) in a research report released on Wednesday, August 2nd. Investec currently has a GBX 335 ($4.35) price target on the stock.

Several other analysts have also recently commented on the stock. Citigroup Inc. cut shares of BBA Aviation plc to a neutral rating and set a GBX 330 ($4.28) price objective for the company. in a research note on Monday, May 8th. J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 347 ($4.50) price objective on shares of BBA Aviation plc in a research note on Monday, May 8th. Barclays PLC restated an overweight rating and set a GBX 340 ($4.41) target price on shares of BBA Aviation plc in a research report on Monday, July 10th. Finally, Liberum Capital restated a hold rating and set a GBX 325 ($4.22) target price on shares of BBA Aviation plc in a research report on Thursday, May 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of GBX 324.29 ($4.21).

Shares of BBA Aviation plc (BBA) traded up 0.59% during mid-day trading on Wednesday, hitting GBX 306.30. The stock had a trading volume of 956,113 shares. BBA Aviation plc has a 52-week low of GBX 228.70 and a 52-week high of GBX 324.50. The stock’s market cap is GBX 3.15 billion. The company’s 50 day moving average is GBX 306.91 and its 200-day moving average is GBX 305.91.

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The business also recently announced a dividend, which will be paid on Friday, November 3rd. Investors of record on Thursday, September 14th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a yield of 0.95%.

In other BBA Aviation plc news, insider Nigel Rudd purchased 4,890 shares of BBA Aviation plc stock in a transaction on Wednesday, June 7th. The shares were purchased at an average cost of GBX 305 ($3.96) per share, with a total value of £14,914.50 ($19,361.94).

BBA Aviation plc Company Profile

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.

Analyst Recommendations for BBA Aviation plc (LON:BBA)




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