Liberum Capital upgraded shares of BBA Aviation (LON:BBA) to a buy rating in a research report report published on Thursday. Liberum Capital currently has GBX 370 ($4.79) price target on the stock, up from their previous price target of GBX 350 ($4.53).
A number of other brokerages have also weighed in on BBA. Barclays increased their target price on BBA Aviation from GBX 340 ($4.40) to GBX 382 ($4.94) and gave the stock an overweight rating in a research note on Wednesday, May 16th. JPMorgan Chase & Co. reiterated an overweight rating on shares of BBA Aviation in a research note on Monday, May 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of GBX 364.29 ($4.72).
Shares of LON BBA opened at GBX 316.40 ($4.10) on Thursday. BBA Aviation has a 1-year low of GBX 290 ($3.75) and a 1-year high of GBX 370.40 ($4.79).
The company also recently announced a dividend, which will be paid on Friday, November 2nd. Stockholders of record on Thursday, September 13th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, September 13th. This represents a dividend yield of 1.01%.
In other news, insider Mark Johnstone bought 13,251 shares of the stock in a transaction dated Monday, August 6th. The shares were bought at an average price of GBX 305 ($3.95) per share, for a total transaction of £40,415.55 ($52,317.86).
About BBA Aviation
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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