BBA Aviation (BBA) Given “Overweight” Rating at JPMorgan Chase & Co.

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JPMorgan Chase & Co. reissued their overweight rating on shares of BBA Aviation (LON:BBA) in a report issued on Wednesday, ThisIsMoney.Co.Uk reports.

Other equities research analysts also recently issued reports about the stock. Liberum Capital restated a buy rating on shares of BBA Aviation in a research note on Friday, May 10th. Berenberg Bank restated a buy rating and issued a GBX 300 ($3.92) price target on shares of BBA Aviation in a research note on Wednesday, March 6th. Six analysts have rated the stock with a buy rating, BBA Aviation has an average rating of Buy and a consensus price target of GBX 340.50 ($4.45).

Shares of BBA traded up GBX 0.40 ($0.01) during mid-day trading on Wednesday, reaching GBX 271 ($3.54). The company had a trading volume of 1,463,260 shares, compared to its average volume of 2,270,000. BBA Aviation has a 1-year low of GBX 207 ($2.70) and a 1-year high of GBX 354 ($4.63). The company has a current ratio of 1.38, a quick ratio of 0.57 and a debt-to-equity ratio of 74.19. The company has a market cap of $2.78 billion and a P/E ratio of 20.53.

The firm also recently announced a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 11th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, April 11th. This is an increase from BBA Aviation’s previous dividend of $0.04. This represents a yield of 3.2%. BBA Aviation’s dividend payout ratio (DPR) is currently 0.83%.

In other BBA Aviation news, insider Victoria Jarman bought 8,363 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average cost of GBX 238 ($3.11) per share, for a total transaction of £19,903.94 ($26,008.02). Also, insider Stephen King bought 60,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were acquired at an average price of GBX 252 ($3.29) per share, for a total transaction of £151,200 ($197,569.58). Over the last quarter, insiders have purchased 113,603 shares of company stock worth $27,967,994.

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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Analyst Recommendations for BBA Aviation (LON:BBA)

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