Shares of BBA Aviation plc (LON:BBA) have been given a consensus recommendation of “Buy” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 335 ($4.38).
Several equities analysts have issued reports on BBA shares. Liberum Capital reissued a “buy” rating on shares of BBA Aviation in a research note on Tuesday, April 2nd. Berenberg Bank reissued a “buy” rating and issued a GBX 300 ($3.92) price objective on shares of BBA Aviation in a research note on Wednesday, March 6th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of BBA Aviation in a research note on Wednesday, May 15th.
BBA traded up GBX 0.60 ($0.01) during trading on Friday, hitting GBX 268 ($3.50). The stock had a trading volume of 3,561,606 shares, compared to its average volume of 2,270,000. The company has a debt-to-equity ratio of 74.19, a quick ratio of 0.57 and a current ratio of 1.38. The stock has a market capitalization of $2.75 billion and a P/E ratio of 20.30. BBA Aviation has a twelve month low of GBX 207 ($2.70) and a twelve month high of GBX 354 ($4.63).
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. This is a positive change from BBA Aviation’s previous dividend of $0.04. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, April 11th. BBA Aviation’s payout ratio is presently 0.83%.
In related news, insider Mark Johnstone bought 45,240 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of GBX 240 ($3.14) per share, for a total transaction of £108,576 ($141,873.77). Also, insider Victoria Jarman bought 8,363 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of GBX 238 ($3.11) per share, for a total transaction of £19,903.94 ($26,008.02). Insiders have acquired a total of 113,603 shares of company stock worth $27,967,994 over the last 90 days.
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 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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