Avation (LON:AVAP) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Avation PLC (LON:AVAP) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 154.63 and traded as low as GBX 137.30. Avation shares last traded at GBX 138, with a volume of 74,363 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price target on shares of Avation from GBX 250 to GBX 270 and gave the stock a “buy” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 270.

Avation Price Performance

The stock has a market cap of £84.19 million, a P/E ratio of -12.21, a P/E/G ratio of -0.15 and a beta of 1.17. The business has a 50 day simple moving average of GBX 145.35 and a 200-day simple moving average of GBX 154.63. The company has a debt-to-equity ratio of 263.47, a quick ratio of 1.33 and a current ratio of 1.39.

About Avation

Avation PLC is a specialist commercial passenger aircraft leasing company owning a fleet of commercial aircraft which it leases to airlines across the world.