Avation PLC with ticker (LON:AVAP) now has a potential upside of 48.3% according to Canaccord Genuity.
AVAP.L
Canaccord Genuity set a target price of 255 GBX for the company, which when compared to the Avation PLC share price of 172 GBX at opening today (21/10/2024) indicates a potential upside of 48.3%. Trading has ranged between 102 (52 week low) and 176 (52 week high) with an average of 243,103 shares exchanging hands daily. The market capitalisation at the time of writing is £120,848,333.
Avation PLC is a Singapore-based commercial passenger aircraft leasing company. The Company is engaged in managing a fleet of widebody, narrowbody jet and turboprop aircraft which it leases to airlines across the world. It manages a fleet of approximately 34 aircraft. The Company’s portfolio of fleet includes Boeing 777-300ER, Airbus A330-300, Airbus A321-200, Airbus A320-200, Airbus A220-300, ATR 72-600, and ATR 72-500. The Company’s customers include over 16 commercial airlines in 14 countries. Its customers include EasyJet, EVA Air, Philippine Airlines, Alliance Air India, VietJet Air, Fiji Airways, Mandarin Airlines, Cebu Pacific, airBaltic, Danish Air Transport, Aerlink, PNG Air and Braathens, among others. 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, AVAP Leasing (Asia) IV Limited, Capital MSN 4033 II Limited and others.
Avation PLC 48.3% potential upside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
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Latest Company News
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.
Avation PLC announced that Fitch Ratings has affirmed its Long-Term Issuer Default Rating at ‘B’ with a Stable Outlook.
