Equities researchers at Canaccord Genuity initiated coverage on shares of Avation PLC (LON:AVAP) in a report released on Monday, MarketBeat.com reports. The firm set a “buy” rating and a GBX 300 ($3.95) price target on the stock. Canaccord Genuity’s price objective points to a potential upside of 38.57% from the stock’s current price.

Shares of Avation PLC (LON:AVAP) traded down GBX 1 ($0.01) during midday trading on Monday, hitting GBX 216.50 ($2.85). 8,331 shares of the stock traded hands, compared to its average volume of 27,806. Avation PLC has a 52-week low of GBX 183 ($2.41) and a 52-week high of GBX 250 ($3.29).

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About Avation PLC

Avation PLC is engaged in leasing of aircraft. The Company is a commercial passenger aircraft leasing group managing a fleet of 38 aircraft, which are leased to airlines globally. The Company’s segments include aircraft leasing and business procurement. The Company’s fleet includes Airbus A320 and A321 narrow body jets, ATR 72 twin engine turboprop aircraft and five older Fokker 100 jets.

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