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Avation PLC’s Credit Rating Upgraded by S&P

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Avation PLC’s Credit Rating Upgraded by S&P

Meet Your ETF AI Analyst

The latest announcement is out from Avation ( (GB:AVAP) ).

Avation PLC, a commercial passenger aircraft leasing company, has announced that S&P has assigned a ‘B’ long-term issue rating to its US$300 million senior unsecured notes due 2031. Additionally, S&P has upgraded Avation’s long-term issuer credit rating to ‘B’ from ‘B-‘, reflecting improved refinancing and liquidity conditions following the redemption of US$298 million of senior unsecured notes due 2026.

The most recent analyst rating on (GB:AVAP) stock is a Hold with a £156.00 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 performance, which is hindered by high leverage and negative profitability. Technical analysis further indicates weak market momentum. Valuation concerns arise from a negative P/E ratio and low dividend yield, suggesting limited attractiveness for investors.

To see Spark’s full report on GB:AVAP stock, click here.

More about Avation

Avation PLC is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to airlines around the world.

Average Trading Volume: 266,052

Technical Sentiment Signal: Sell

Current Market Cap: £89.72M

See more data about AVAP stock on TipRanks’ Stock Analysis page.

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