BBA Aviation plc (LON:BBA) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 222.80 ($2.91) and last traded at GBX 222.80 ($2.91), with a volume of 3547839 shares. The stock had previously closed at GBX 230.40 ($3.01).
Several brokerages have recently issued reports on BBA. Liberum Capital upgraded shares of BBA Aviation to a “buy” rating and upped their price target for the stock from GBX 350 ($4.57) to GBX 370 ($4.83) in a report on Friday, August 24th. Berenberg Bank began coverage on shares of 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. 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, November 9th. 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. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 354 ($4.63) price target on shares of BBA Aviation in a report on Monday, November 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 365.67 ($4.78).
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BBA Aviation Company Profile (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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