BBA Aviation plc (BBA) Receives Consensus Rating of “Buy” from Analysts

BBA Aviation plc (LON:BBA) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 303 ($3.83).

Several brokerages have recently weighed in on BBA. Liberum Capital reaffirmed a “hold” rating and set a GBX 325 ($4.11) target price on shares of BBA Aviation plc in a research note on Monday, June 5th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 347 ($4.39) target price on shares of BBA Aviation plc in a research note on Monday, May 8th. Citigroup Inc. downgraded BBA Aviation plc to a “neutral” rating and set a GBX 330 ($4.17) target price for the company. in a research note on Monday, May 8th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 340 ($4.30) target price on shares of BBA Aviation plc in a research note on Thursday, March 2nd. Finally, Jefferies Group LLC increased their price objective on BBA Aviation plc from GBX 295 ($3.73) to GBX 340 ($4.30) and gave the company a “buy” rating in a research note on Tuesday, March 21st.

In related news, insider Nigel Rudd bought 4,890 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was bought at an average cost of GBX 305 ($3.86) per share, for a total transaction of £14,914.50 ($18,867.17).

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Shares of BBA Aviation plc (LON BBA) traded up 1.05% during mid-day trading on Monday, hitting GBX 308.40. 4,476,098 shares of the stock were exchanged. BBA Aviation plc has a 12 month low of GBX 196.10 and a 12 month high of GBX 324.50. The stock’s market cap is GBX 3.17 billion. The stock’s 50 day moving average is GBX 310.49 and its 200-day moving average is GBX 296.51.

About BBA Aviation plc

BBA Aviation plc is a provider of global aviation support and aftermarket services primarily focused on servicing the Business and General Aviation (B&GA) market. The Company operates through two divisions: Flight Support and Aftermarket Services. The Flight Support businesses include Signature Flight Support, which is a fixed base operation (FBO) network for B&GA covering destinations in North America, Europe, Caribbean, Africa and Asia.

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