Shares of BBA Aviation plc (LON:BBA) have earned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 353.57 ($4.88).
Several equities research analysts have weighed in on the company. Liberum Capital reaffirmed a “hold” rating and set a GBX 325 ($4.49) price target on shares of BBA Aviation in a research report on Thursday, March 1st. Citigroup raised BBA Aviation to a “buy” rating and increased their price target for the stock from GBX 330 ($4.56) to GBX 400 ($5.53) in a research report on Monday, January 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 390 ($5.39) price target on shares of BBA Aviation in a research report on Monday, March 5th. Finally, Jefferies Group downgraded BBA Aviation to a “hold” rating and increased their price target for the stock from GBX 340 ($4.70) to GBX 350 ($4.84) in a research report on Friday, March 16th.
In other BBA Aviation news, insider Nigel Rudd sold 57,200 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of GBX 332 ($4.59), for a total transaction of £189,904 ($262,370.82).
The business also recently declared a dividend, which will be paid on Friday, May 25th. Shareholders of record on Thursday, April 12th will be given a dividend of $0.10 per share. This is an increase from BBA Aviation’s previous dividend of $0.04. This represents a yield of 2.07%. The ex-dividend date of this dividend is Thursday, April 12th.
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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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