BBA Aviation plc (BBA) Receives Average Rating of “Buy” from Brokerages
Shares of BBA Aviation plc (LON:BBA) have been given an average rating of “Buy” by the seven brokerages that are currently covering the company. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 303 ($3.91).
BBA has been the topic of a number of research analyst reports. Liberum Capital increased their price target on BBA Aviation plc from GBX 205 ($2.65) to GBX 270 ($3.49) and gave the stock a “sell” rating in a report on Wednesday, February 22nd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 347 ($4.48) price target on shares of BBA Aviation plc in a report on Thursday, March 2nd. Citigroup Inc cut BBA Aviation plc to a “neutral” rating and set a GBX 330 ($4.26) price target on the stock. in a report on Monday, May 15th. Finally, Jefferies Group LLC increased their price target on BBA Aviation plc from GBX 295 ($3.81) to GBX 340 ($4.39) and gave the stock a “buy” rating in a report on Tuesday, March 21st.
Shares of BBA Aviation plc (LON:BBA) opened at 313.20 on Monday. The firm’s market capitalization is GBX 3.22 billion. BBA Aviation plc has a one year low of GBX 191.50 and a one year high of GBX 317.10. The firm’s 50-day moving average is GBX 307.05 and its 200 day moving average is GBX 288.47.
The company also recently announced a dividend, which was paid on Friday, May 19th. Investors of record on Thursday, April 6th were issued a €0.09 ($0.10) dividend. This represents a dividend yield of 2.42%. The ex-dividend date was Thursday, April 6th.
In related news, insider Simon Pryce sold 650,000 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of GBX 310 ($4.00), for a total value of £2,015,000 ($2,601,006.84).
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About BBA Aviation plc
BBA Aviation plc is a provider of global aviation support and aftermarket services primarily focused on servicing the Business and General Aviation (B&GA) market. The Company operates through two divisions: Flight Support and Aftermarket Services. The Flight Support businesses include Signature Flight Support, which is a fixed base operation (FBO) network for B&GA covering destinations in North America, Europe, Caribbean, Africa and Asia.
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