Avation PLC (LON:AVAP – Get Free Report) rose 6.6% during trading on Friday . The company traded as high as GBX 178 ($2.31) and last traded at GBX 177 ($2.30). Approximately 323,866 shares traded hands during mid-day trading, an increase of 136% from the average daily volume of 137,462 shares. The stock had previously closed at GBX 166 ($2.16).
Analysts Set New Price Targets
Separately, Canaccord Genuity Group dropped their price target on Avation from GBX 280 ($3.64) to GBX 255 ($3.31) and set a “buy” rating for the company in a research note on Thursday, September 26th.
Read Our Latest Stock Analysis on Avation
Avation Stock Performance
About Avation
Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. The company's fleet includes 13 narrow-body jets, two twin-aisle jets, and 21 ATR 72 twin-engine turboprop aircraft. As of June 30, 2023, the company owned and managed a fleet of 36 aircraft.
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