BBA Aviation (LON:BBA) Shares Pass Above 200 Day Moving Average of $272.82
BBA Aviation plc (LON:BBA) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $272.82 and traded as high as $315.60. BBA Aviation shares last traded at $315.20, with a volume of 1,361,744 shares traded.
A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group lifted their target price on BBA Aviation from GBX 290 ($3.79) to GBX 325 ($4.25) and gave the stock a “buy” rating in a report on Wednesday, July 24th. Berenberg Bank lifted their target price on BBA Aviation from GBX 300 ($3.92) to GBX 330 ($4.31) and gave the stock a “buy” rating in a report on Monday, June 24th. Barclays reaffirmed an “overweight” rating and issued a GBX 350 ($4.57) price target on shares of BBA Aviation in a research note on Tuesday, August 6th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 365 ($4.77) price target on shares of BBA Aviation in a research note on Friday, September 6th. Six investment analysts have rated the stock with a buy rating, BBA Aviation presently has a consensus rating of “Buy” and an average target price of GBX 351.33 ($4.59).
The firm has a market cap of $3.17 billion and a price-to-earnings ratio of 31.84. The stock has a 50 day moving average of GBX 306.48 and a 200 day moving average of GBX 272.82. The company has a quick ratio of 0.53, a current ratio of 1.33 and a debt-to-equity ratio of 140.32.
About BBA Aviation (LON:BBA)
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 Signature and Ontic 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 overnight parking and home based aircraft storage; technical support, line and heavy maintenance, inspection, and aircraft on ground (AoG) services through Signature TECHNICAir; Signature ELITE class that provides Signature service and accommodation to commercial travelers; and aircraft management and charter services through Gama Aviation Signature Aircraft Management for passengers, operators, and pilots of the B&GA fleet.
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