Avation (LON:AVAP) Stock Passes Below Two Hundred Day Moving Average – What’s Next?
by Mitch Edgeman · The Markets DailyAvation PLC (LON:AVAP – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 152.56 and traded as low as GBX 140. Avation shares last traded at GBX 141, with a volume of 239,589 shares traded.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group boosted their target price on shares of Avation from GBX 250 to GBX 270 and gave the company a “buy” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 270.
View Our Latest Stock Report on Avation
Avation Stock Performance
The company has a debt-to-equity ratio of 263.47, a current ratio of 1.39 and a quick ratio of 1.33. The firm has a market capitalization of £86.04 million, a PE ratio of -12.48, a P/E/G ratio of -0.15 and a beta of 1.17. The company’s fifty day simple moving average is GBX 140.20 and its 200 day simple moving average is GBX 152.36.
Avation Company Profile
Avation PLC is a specialist commercial passenger aircraft leasing company owning a fleet of commercial aircraft which it leases to airlines across the world.