A number of other equities analysts have also recently issued reports on BBA. Barclays cut their target price on shares of BBA Aviation from GBX 382 ($4.99) to GBX 370 ($4.83) and set an overweight rating on the stock in a report on Thursday, August 2nd. Berenberg Bank began coverage on BBA Aviation in a report on Monday, September 3rd. They set a buy rating and a GBX 370 ($4.83) price target on the stock. Finally, Citigroup reaffirmed 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 given a buy rating to the stock. BBA Aviation has an average rating of Buy and an average price target of GBX 365 ($4.77).
Shares of LON BBA opened at GBX 260 ($3.40) on Wednesday. BBA Aviation has a 52-week low of GBX 290 ($3.79) and a 52-week high of GBX 370.40 ($4.84).
The company also recently announced a dividend, which will be paid on Friday, November 2nd. Investors of record on Thursday, September 13th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a yield of 1.01%.
In other news, insider Mark Johnstone bought 13,251 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were purchased at an average price of GBX 305 ($3.99) per share, with a total value of £40,415.55 ($52,810.07).
BBA Aviation Company Profile
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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