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The latest update is out from Avation ( (GB:AVAP) ).
Avation PLC has repurchased 100,000 of its ordinary shares on the market at 141.8p per share, placing them into treasury and reducing the total voting rights to 62,351,067, out of 66,835,066 shares in issue, of which 4,483,999 are now held in treasury. The buyback forms part of the company’s previously approved share repurchase programme, which authorises Avation to buy back up to 25% of its issued share capital within set price parameters until its next annual general meeting, signalling ongoing capital management efforts that may support shareholder value by consolidating equity and potentially improving earnings per share.
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 airliners leased to airlines worldwide, with its shares listed on the London Stock Exchange under the ticker AVAP.
Average Trading Volume: 227,652
Technical Sentiment Signal: Sell
Current Market Cap: £87.43M
For a thorough assessment of AVAP stock, go to TipRanks’ Stock Analysis page.