BBA Aviation plc (BBA) Receives GBX 340.50 Consensus PT from Brokerages

Shares of BBA Aviation plc (LON:BBA) have earned an average rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 335.60 ($4.39).

Several research firms recently commented on BBA. Liberum Capital reiterated a “buy” rating and issued a GBX 365 ($4.77) price target on shares of BBA Aviation in a research note on Monday, February 4th. JPMorgan Chase & Co. cut their price target on BBA Aviation from GBX 354 ($4.63) to GBX 338 ($4.42) and set an “overweight” rating on the stock in a research note on Friday, March 8th. Berenberg Bank reiterated a “buy” rating and issued a GBX 300 ($3.92) price target on shares of BBA Aviation in a research note on Wednesday, March 6th. Finally, Jefferies Financial Group upgraded BBA Aviation to a “buy” rating and cut their price target for the stock from GBX 368 ($4.81) to GBX 290 ($3.79) in a research note on Thursday, January 10th.

In other news, insider Victoria Jarman acquired 8,363 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of GBX 238 ($3.11) per share, for a total transaction of £19,903.94 ($26,008.02). Also, insider Mark Johnstone acquired 45,240 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of GBX 240 ($3.14) per share, for a total transaction of £108,576 ($141,873.77). Insiders have acquired 113,603 shares of company stock worth $27,967,994 in the last 90 days.

Shares of LON:BBA traded up GBX 0.80 ($0.01) during trading on Friday, hitting GBX 256.40 ($3.35). The company’s stock had a trading volume of 4,118,035 shares, compared to its average volume of 2,270,000. The company has a debt-to-equity ratio of 74.19, a quick ratio of 0.57 and a current ratio of 1.38. BBA Aviation has a fifty-two week low of GBX 207 ($2.70) and a fifty-two week high of GBX 354 ($4.63). The stock has a market cap of $2.63 billion and a price-to-earnings ratio of 19.42.

The company also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 11th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, April 11th. This represents a yield of 3.2%. This is a boost from BBA Aviation’s previous dividend of $0.04. BBA Aviation’s dividend payout ratio is presently 0.83%.

About BBA Aviation

BBA Aviation plc provides aviation support and aftermarket services to the business and general aviation (B&GA) markets in the United Kingdom, Mainland Europe, North America, and internationally. It operates through Flight Support and Aftermarket Services segments. The company operates Signature Flight Support, a fixed base operation network that offers service support for B&GA travel, including fueling, ground handling, passenger and pilot services, and amenities; hangarage for resting and at home aircraft; technical support, line maintenance, and aircraft on ground services through Signature TECHNICAir; and aircraft management and charter services through Gama Aviation Signature Aircraft Management partnership to the passengers, operators, and pilots of the B&GA fleet.

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Analyst Recommendations for BBA Aviation (LON:BBA)

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