BBA Aviation plc (BBA) Insider Mark Johnstone Acquires 45,240 Shares

BBA Aviation plc (LON:BBA) insider Mark Johnstone purchased 45,240 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average cost of GBX 240 ($3.14) per share, for a total transaction of £108,576 ($141,873.77).

Shares of LON:BBA traded up GBX 4.80 ($0.06) during trading on Friday, hitting GBX 242.80 ($3.17). 2,004,697 shares of the company were exchanged, compared to its average volume of 2,270,000. The company has a market cap of $2.50 billion and a P/E ratio of 18.39. BBA Aviation plc has a 52-week low of GBX 207 ($2.70) and a 52-week high of GBX 354 ($4.63). The company has a debt-to-equity ratio of 74.19, a current ratio of 1.38 and a quick ratio of 0.57.

The business also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 11th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 3.2%. This is an increase from BBA Aviation’s previous dividend of $0.04. BBA Aviation’s dividend payout ratio is currently 0.76%.

BBA has been the subject of several research reports. Liberum Capital reissued a “buy” rating and set a GBX 365 ($4.77) price objective on shares of BBA Aviation in a report on Tuesday, March 5th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 354 ($4.63) target price on shares of BBA Aviation in a research report on Monday, November 19th. Berenberg Bank restated a “buy” rating and set a GBX 300 ($3.92) target price on shares of BBA Aviation in a research report on Wednesday, March 6th. Finally, Jefferies Financial Group upgraded BBA Aviation to a “buy” rating and dropped their target price for the stock from GBX 368 ($4.81) to GBX 290 ($3.79) in a research report on Thursday, January 10th. Six equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of GBX 340.50 ($4.45).

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About BBA Aviation

BBA Aviation plc provides aviation support and aftermarket services to the business and general aviation (B&GA) markets in the United Kingdom, Mainland Europe, North America, and internationally. It operates through Flight Support and Aftermarket Services segments. The company operates Signature Flight Support, a fixed base operation network that offers service support for B&GA travel, including fueling, ground handling, passenger and pilot services, and amenities; hangarage for resting and at home aircraft; technical support, line maintenance, and aircraft on ground services through Signature TECHNICAir; and aircraft management and charter services through Gama Aviation Signature Aircraft Management partnership to the passengers, operators, and pilots of the B&GA fleet.

Further Reading: Cost of Debt

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