BBA Aviation plc (LON:BBA) Receives Average Recommendation of “Buy” from Analysts
BBA Aviation plc (LON:BBA) has been assigned a consensus rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 303 ($3.92).
Several research firms have commented on BBA. Jefferies Group LLC increased their price target on shares of BBA Aviation plc from GBX 295 ($3.82) to GBX 340 ($4.40) and gave the company a “buy” rating in a research report on Tuesday, March 21st. Liberum Capital reissued a “hold” rating and set a GBX 325 ($4.21) price target on shares of BBA Aviation plc in a research report on Thursday, May 4th. Citigroup Inc. lowered shares of BBA Aviation plc to a “neutral” rating and set a GBX 330 ($4.27) price target for the company. in a research report on Monday, May 8th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 347 ($4.49) price target on shares of BBA Aviation plc in a research report on Monday, May 8th. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 340 ($4.40) price target on shares of BBA Aviation plc in a research report on Monday.
Shares of BBA Aviation plc (BBA) traded down 0.95% on Tuesday, hitting GBX 303.30. 511,645 shares of the company traded hands. The firm’s 50-day moving average is GBX 310.69 and its 200 day moving average is GBX 299.74. The firm’s market capitalization is GBX 3.11 billion. BBA Aviation plc has a 1-year low of GBX 212.40 and a 1-year high of GBX 324.50.
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In other BBA Aviation plc news, insider Nigel Rudd bought 4,890 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The stock was purchased at an average price of GBX 305 ($3.95) per share, for a total transaction of £14,914.50 ($19,319.30).
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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