Avation PLC with ticker (LON:AVAP) now has a potential upside of 99.7% according to Canaccord Genuity.
Canaccord Genuity set a target price of 250 GBX for the company, which when compared to the Avation PLC share price of 125 GBX at opening today (31/05/2023) indicates a potential upside of 99.7%. Trading has ranged between 66 (52 week low) and 143 (52 week high) with an average of 56,912 shares exchanging hands daily. The market capitalisation at the time of writing is £87,837,570.
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 99.7% potential upside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
Find more news, interviews, share price & company profile here for:
Avation has provided a trading update confirming continued fleet growth, strong rent collections, and improved aircraft values. All aircraft remain leased, with new deliveries scheduled through 2028 and further acquisitions under consideration.
Avation has signed a new six-year lease with PNG Air for an ATR 72-600 aircraft, currently operated by Mandarin Airlines.
Avation PLC announces a profitable sale of an ATR 72-600 aircraft, enhancing its orderbook and projecting strong market demand in aircraft leasing.
Avation PLC has signed a six-year lease with Colombian airline Clic Air for an ATR 72-600, marking a significant expansion into the South American market.
Avation PLC has successfully acquired an Airbus A320 on long-term lease to Etihad Airlines, expanding its fleet to 33 aircraft and enhancing customer diversity.
CEO Interviews providing valuable insights into their companies' latest financial results, strategic moves, and future outlooks
