BBA Aviation plc (BBA) Lowered to “Neutral” at Citigroup Inc

Citigroup Inc downgraded shares of BBA Aviation plc (LON:BBA) to a neutral rating in a research note published on Monday, May 8th. The brokerage currently has GBX 330 ($4.26) price target on the stock.

Several other research analysts have also commented on BBA. Jefferies Group LLC lifted their price objective on shares of BBA Aviation plc from GBX 295 ($3.81) to GBX 340 ($4.39) and gave the stock a buy rating in a research note on Tuesday, March 21st. Barclays PLC reaffirmed an overweight rating and set a GBX 340 ($4.39) price objective on shares of BBA Aviation plc in a research note on Thursday, March 2nd. JPMorgan Chase & Co. lifted their price objective on shares of BBA Aviation plc from GBX 300 ($3.87) to GBX 347 ($4.48) and gave the stock an overweight rating in a research note on Thursday, February 9th. Finally, Liberum Capital raised shares of BBA Aviation plc to a hold rating and lifted their price objective for the stock from GBX 270 ($3.49) to GBX 325 ($4.20) in a research note on Thursday, March 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 303 ($3.91).

Shares of BBA Aviation plc (LON:BBA) opened at 308.00 on Monday. The firm’s 50-day moving average is GBX 307.05 and its 200 day moving average is GBX 288.47. BBA Aviation plc has a 12 month low of GBX 191.50 and a 12 month high of GBX 317.10. The stock’s market cap is GBX 3.16 billion.

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The company also recently announced a dividend, which was paid on Friday, May 19th. Shareholders of record on Thursday, April 6th were issued a €0.09 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, April 6th. This represents a yield of 2.42%.

In other news, insider Simon Pryce sold 650,000 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of GBX 310 ($4.00), for a total transaction of £2,015,000 ($2,601,006.84).

BBA Aviation plc Company Profile

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.

12 Month Chart for LON:BBA

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