BBA Aviation (BBA) Upgraded to “Buy” at Citigroup
Citigroup upgraded shares of BBA Aviation (LON:BBA) to a buy rating in a research note published on Monday morning. Citigroup currently has GBX 400 ($5.42) target price on the stock, up from their prior target price of GBX 330 ($4.48).
A number of other equities research analysts also recently weighed in on the stock. reiterated a buy rating and issued a GBX 335 ($4.54) price target on shares of BBA Aviation in a research report on Tuesday, November 14th. JPMorgan Chase & Co. lifted their price target on shares of BBA Aviation from GBX 361 ($4.90) to GBX 372 ($5.04) and gave the company an overweight rating in a research report on Wednesday, November 15th. Investec reiterated a buy rating and issued a GBX 335 ($4.54) price target on shares of BBA Aviation in a research report on Tuesday, November 14th. Finally, Liberum Capital reiterated a hold rating and issued a GBX 325 ($4.41) price target on shares of BBA Aviation in a research report on Tuesday, November 14th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. BBA Aviation currently has a consensus rating of Buy and an average target price of GBX 349.57 ($4.74).
Shares of BBA Aviation (BBA) opened at GBX 356.80 ($4.84) on Monday. BBA Aviation has a 1 year low of GBX 275.20 ($3.73) and a 1 year high of GBX 361 ($4.90). The stock has a market cap of $3,690.00 and a P/E ratio of 2,548.57.
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About BBA Aviation
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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