BBA Aviation (BBA) Rating Reiterated by JPMorgan Chase

JPMorgan Chase reaffirmed their overweight rating on shares of BBA Aviation (LON:BBA) in a research report released on Monday morning.

A number of other brokerages have also recently issued reports on BBA. Liberum Capital reissued a hold rating on shares of BBA Aviation in a report on Friday, May 11th. Citigroup reissued a buy rating and issued a GBX 400 ($5.43) target price on shares of BBA Aviation in a report on Friday, March 2nd. Finally, Jefferies Group cut BBA Aviation to a hold rating and increased their target price for the stock from GBX 340 ($4.61) to GBX 350 ($4.75) in a report on Friday, March 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of GBX 359.57 ($4.88).

Shares of BBA stock opened at GBX 330.60 ($4.48) on Monday. BBA Aviation has a 12 month low of GBX 290 ($3.93) and a 12 month high of GBX 370.40 ($5.02).

The business also recently announced a dividend, which will be paid on Friday, May 25th. Stockholders of record on Thursday, April 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This is a boost from BBA Aviation’s previous dividend of $0.04. This represents a dividend yield of 2.07%.

In other news, insider Nigel Rudd sold 57,200 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of GBX 332 ($4.50), for a total value of £189,904 ($257,601.74).

BBA Aviation Company Profile

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.

Analyst Recommendations for BBA Aviation (LON:BBA)

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