Citigroup upgraded shares of BBA Aviation (LON:BBA) to a buy rating in a report published on Monday morning. Citigroup currently has GBX 400 ($5.42) price objective on the stock, up from their previous price objective of GBX 330 ($4.48).
A number of other brokerages also recently issued reports on BBA. JPMorgan Chase & Co. raised their price target on shares of BBA Aviation from GBX 361 ($4.90) to GBX 372 ($5.04) and gave the stock an overweight rating in a report on Wednesday, November 15th. Investec restated a buy rating and set a GBX 335 ($4.54) price target on shares of BBA Aviation in a report on Tuesday, November 14th. reiterated a buy rating and issued a GBX 335 ($4.54) target price on shares of BBA Aviation in a report on Tuesday, November 14th. Finally, Liberum Capital reiterated a hold rating and issued a GBX 325 ($4.41) target price on shares of BBA Aviation in a report on Tuesday, November 14th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. BBA Aviation has a consensus rating of Buy and a consensus price target of GBX 349.57 ($4.74).
Shares of BBA Aviation (LON BBA) traded up GBX 1.40 ($0.02) during midday trading on Monday, hitting GBX 359.80 ($4.88). 1,838,804 shares of the stock were exchanged, compared to its average volume of 1,600,000. The firm has a market cap of $3,710.00 and a P/E ratio of 2,570.00. BBA Aviation has a fifty-two week low of GBX 275.20 ($3.73) and a fifty-two week high of GBX 361 ($4.90).
About BBA Aviation
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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