Numis Securities Ltd Reiterates “Add” Rating for Avingtrans plc (AVG)

Avingtrans plc (LON:AVG)‘s stock had its “add” rating reaffirmed by investment analysts at Numis Securities Ltd in a research note issued on Tuesday. They currently have a GBX 215 ($2.81) price objective on the stock. Numis Securities Ltd’s target price suggests a potential upside of 11.40% from the stock’s previous close.

Separately, FinnCap reissued a “buy” rating and set a GBX 215 ($2.81) price target on shares of Avingtrans plc in a research note on Tuesday.

Shares of Avingtrans plc (LON:AVG) opened at 193.00 on Tuesday. Avingtrans plc has a 52-week low of GBX 102.00 and a 52-week high of GBX 201.45. The company’s market capitalization is GBX 54.06 billion. The company’s 50 day moving average price is GBX 193.34 and its 200 day moving average price is GBX 178.09.

The business also recently disclosed a dividend, which will be paid on Friday, December 9th. Stockholders of record on Thursday, October 27th will be paid a GBX 2.10 ($0.03) dividend. This represents a dividend yield of 1.12%. This is a positive change from Avingtrans plc’s previous dividend of $1.10. The ex-dividend date is Thursday, October 27th.

About Avingtrans plc

Avingtrans plc is the United Kingdom-based company engaged in the provision of engineered components, systems and services to the aerospace, energy and medical industries around the world. The Company operates its business through two segments: Aerospace, and Energy and medical. The Company’s Aerospace segment is engaged in manufacturing of rigid pipe assemblies and prismatic components for aero engines and precision polishing of aircraft components.

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