Avation PLC with ticker (LON:AVAP) now has a potential upside of 136.5% 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 102 GBX at opening today (29/09/2023) indicates a potential upside of 136.5%. Trading has ranged between 93 (52 week low) and 143 (52 week high) with an average of 77,565 shares exchanging hands daily. The market capitalisation at the time of writing is £71,017,550.
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 136.5% potential upside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
Find more news, interviews, share price & company profile here for:
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.
Avation PLC announced that Fitch Ratings has affirmed its Long-Term Issuer Default Rating at ‘B’ with a Stable Outlook.
Avation has announced its annual general meeting will take place at 9:00 a.m. (UK time) on 26 November 2025 in Singapore, with the notice and proxy form now available to shareholders.
Avation has signed a four-year lease extension with EVA Air for its A330-300 widebody aircraft, extending the lease to November 2031.
Avation has priced US$300 million of 8.5% senior unsecured notes due May 2031 under its new US$1 billion global medium term note programme.
Avation has signed an eight-year lease agreement with a European ACMI provider for an eight-year-old ATR 72-600 aircraft, set to transition in February 2026.
