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Avation ( (GB:AVAP) ) has provided an update.
Avation PLC has announced a four-year lease extension with EVA Air for its A330-300 widebody aircraft, extending the lease until November 2031. This extension is significant as it ensures EVA Air’s passenger capacity for six years and maintains Avation’s relationship with a top-rated airline, enhancing its lease term and contracted revenue.
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 leased to airlines globally.
Average Trading Volume: 174,589
Technical Sentiment Signal: Buy
Current Market Cap: £99.65M
Find detailed analytics on AVAP stock on TipRanks’ Stock Analysis page.