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Avation ( (GB:AVAP) ) just unveiled an update.
Avation PLC has repurchased 10,000 of its own ordinary shares on the market at 138p per share, with the shares to be held in treasury. Following this buyback, the company’s total shares in issue stand at 66,810,356, of which 4,348,999 are held in treasury, resulting in total voting rights of 62,461,357, a move that marginally reduces the free float and may signal ongoing capital management efforts to support shareholder value.
The most recent analyst rating on (GB:AVAP) stock is a Hold with a £134.00 price target. To see the full list of analyst forecasts on Avation stock, see the GB:AVAP Stock Forecast page.
Spark’s Take on GB:AVAP Stock
According to Spark, TipRanks’ AI Analyst, GB:AVAP is a Neutral.
Avation’s overall stock score is primarily impacted by its financial challenges, including high leverage and negative profitability. Technical indicators also suggest bearish momentum. While recent corporate events are positive, they do not offset the fundamental financial concerns.
To see Spark’s full report on GB:AVAP stock, click here.
More about Avation
Avation PLC is a Singapore-headquartered commercial passenger aircraft leasing company that owns and manages a fleet of aircraft leased to airlines globally, focusing on providing lease solutions to carriers worldwide.
Average Trading Volume: 250,913
Technical Sentiment Signal: Sell
Current Market Cap: £87.46M
Learn more about AVAP stock on TipRanks’ Stock Analysis page.