BBA Aviation plc’s (BBA) “Overweight” Rating Reaffirmed at Barclays PLC
Barclays PLC reissued their overweight rating on shares of BBA Aviation plc (LON:BBA) in a research note released on Monday morning, MarketBeat.com reports. The brokerage currently has a GBX 340 ($4.40) price objective on the stock.
Several other equities analysts also recently commented on the company. Liberum Capital restated a hold rating and set a GBX 325 ($4.21) target price on shares of BBA Aviation plc in a research report on Sunday, June 11th. J P Morgan Chase & Co restated an overweight rating and set a GBX 347 ($4.49) target price on shares of BBA Aviation plc in a research report on Monday, May 15th. Citigroup Inc. downgraded BBA Aviation plc to a neutral rating and set a GBX 330 ($4.27) target price for the company. in a research report on Monday, May 15th. Finally, Jefferies Group LLC raised their target price on BBA Aviation plc from GBX 295 ($3.82) to GBX 340 ($4.40) and gave the stock a buy rating in a research report on Tuesday, March 21st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of GBX 303 ($3.92).
BBA Aviation plc (LON:BBA) traded down 0.95% during midday trading on Monday, hitting GBX 303.30. The company had a trading volume of 1,241,752 shares. The company’s market cap is GBX 3.11 billion. The company’s 50 day moving average is GBX 310.69 and its 200-day moving average is GBX 299.74. BBA Aviation plc has a one year low of GBX 212.40 and a one year high of GBX 324.50.
In other BBA Aviation plc news, insider Nigel Rudd acquired 4,890 shares of the business’s stock in a transaction on Wednesday, June 7th. The stock was purchased at an average price of GBX 305 ($3.95) per share, for a total transaction of £14,914.50 ($19,319.30).
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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