Avation PLC with ticker (LON:AVAP) now has a potential upside of 106.9% according to Canaccord Genuity.
Canaccord Genuity set a target price of 240 GBX for the company, which when compared to the Avation PLC share price of 116 GBX at opening today (20/10/2023) indicates a potential upside of 106.9%. Trading has ranged between 79 (52 week low) and 143 (52 week high) with an average of 591,412 shares exchanging hands daily. The market capitalisation at the time of writing is £83,642,081.
Avation PLC is a Singapore-based commercial passenger aircraft leasing company. The Company manages a fleet of aircraft, which it leases to airlines across the world. The Company’s serves a range of customers, which includes easyJet, Eva Air, Philippine Airlines, Air India, Vietjet Air, Fiji Airways, Mandarin Airlines, Cebu Pacific, airBaltic and Danish Air Transport. The Company owns through its subsidiaries a range of commercial passenger aircraft, which are leased to various airlines in Europe, Asia, and Australia. Its portfolio includes Boeing 777-300ER, Airbus A330-300, Airbus A320-200, and ATR 72-500. The Company’s fleet comprises approximately 38 aircraft. Its subsidiaries include Avation Capital S.A., Capital Lease Aviation Limited, Avation Group (S) Pte. Ltd., AVAP Leasing (Asia) Limited, AVAP Leasing (Asia) II Limited, AVAP Leasing (Asia) III Limited, and AVAP Leasing (Asia) IV Limited.
Avation PLC 106.9% potential upside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
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Latest Company News
Avation will hold its AGM in Singapore today, where the Chairman will outline steady fleet activity, stable lease income, ongoing aircraft placements, and a stronger financial position following recent refinancing.
Avation PLC Executive Chairman discusses the company’s recent $300 million bond issuance, the strategic value of extending the EVA Air A330 lease, the potential for expanding narrow-body and widebody aircraft holdings, and Avation’s strong access to debt markets despite equity headwinds.
Avation enters the global debt market with a USD 1 billion programme, expanding how it funds and scales its fleet.
Airbus has posted a healthy profit recovery in Q3, supported by growth across its business units.
Avation plc’s Jeff Chatfield explains the rationale behind their new $300 million bond issue, upgraded credit ratings, and why a 16-year widebody lease is a milestone for the company.
Avation will continue to consider repurchases of its US$300 million 8.5% Senior Notes due 2031, with quarterly updates to be provided from March 2026.
