BBA Aviation (BBA) Reaches New 52-Week Low at $261.20
BBA Aviation plc (LON:BBA)’s share price reached a new 52-week low on Thursday . The company traded as low as GBX 261.20 ($3.41) and last traded at GBX 261.20 ($3.41), with a volume of 3063001 shares traded. The stock had previously closed at GBX 269.80 ($3.53).
A number of research firms have weighed in on BBA. Barclays cut their price target on shares of BBA Aviation from GBX 382 ($4.99) to GBX 370 ($4.83) and set an “overweight” rating on the stock in a research note on Thursday, August 2nd. Liberum Capital reaffirmed a “hold” rating on shares of BBA Aviation in a research note on Wednesday, August 1st. Berenberg Bank began coverage on shares of BBA Aviation in a research note on Monday, September 3rd. They set a “buy” rating and a GBX 370 ($4.83) price target on the stock. Finally, Citigroup reaffirmed a “buy” rating and set a GBX 400 ($5.23) price target on shares of BBA Aviation in a research note on Wednesday, September 19th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. BBA Aviation currently has a consensus rating of “Buy” and a consensus price target of GBX 365 ($4.77).
The business also recently declared a dividend, which will be paid on Friday, November 2nd. Shareholders of record on Thursday, September 13th will be paid a dividend of $0.04 per share. This represents a yield of 1.01%. The ex-dividend date is Thursday, September 13th.
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 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.
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