BBA Aviation (BBA) Reaches New 1-Year Low at $229.80
Shares of BBA Aviation plc (LON:BBA) hit a new 52-week low on Friday . The company traded as low as GBX 229.80 ($3.00) and last traded at GBX 232.20 ($3.03), with a volume of 2309879 shares traded. The stock had previously closed at GBX 241.80 ($3.16).
A number of analysts have weighed in on the company. Liberum Capital reiterated a “hold” rating on shares of BBA Aviation in a report on Wednesday, August 1st. Barclays reiterated an “overweight” rating and set a GBX 350 ($4.57) price target (down from GBX 370 ($4.83)) on shares of BBA Aviation in a report on Friday. Berenberg Bank assumed coverage on BBA Aviation in a report on Monday, September 3rd. They set a “buy” rating and a GBX 370 ($4.83) price target for the company. Finally, Citigroup reiterated a “buy” rating and set a GBX 400 ($5.23) price target on shares of BBA Aviation in a report on Wednesday, September 19th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. BBA Aviation has an average rating of “Buy” and a consensus price target of GBX 362.50 ($4.74).
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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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