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An update from Avation ( (GB:AVAP) ) is now available.
Avation PLC has repurchased 490,000 of its ordinary shares at a price of 154.85 pence per share, which will be held in treasury. This transaction adjusts the total number of voting rights in the company to 64,431,738, a figure that shareholders can use for determining their notification requirements under the FCA’s rules.
The most recent analyst rating on (GB:AVAP) stock is a Hold with a £156.00 price target. To see the full list of analyst forecasts on Avation stock, see the GB:AVAP Stock Forecast page.
Spark’s Take on GB:AVAP Stock
According to Spark, TipRanks’ AI Analyst, GB:AVAP is a Neutral.
Avation’s overall stock score is primarily impacted by its financial performance, which is hindered by high leverage and negative profitability. Technical analysis further indicates weak market momentum. Valuation concerns arise from a negative P/E ratio and low dividend yield, suggesting limited attractiveness for investors.
To see Spark’s full report on GB:AVAP stock, click here.
More about Avation
Avation PLC is an aircraft leasing company based in Singapore, specializing in owning and managing a fleet of commercial passenger aircraft which it leases to airlines globally.
Average Trading Volume: 187,635
Technical Sentiment Signal: Hold
Current Market Cap: £98.68M
For an in-depth examination of AVAP stock, go to TipRanks’ Overview page.