Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBBA Share News (BBA)

  • There is currently no data for BBA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Barclays starts BBA Aviation at 'overweight'

Thu, 22nd Sep 2016 08:35

(ShareCast News) - BBA Aviation got a boost on Thursday as Barclays initiated coverage of the stock at 'overweight' with a 280p price target.It said that operating in an attractive market with excellent market positioning, there are two potential areas for further share price upside.The first is the Landmark acquisition, where integration is going to plan and cost synergies are marginally ahead of expectations.Secondly, Barclays said that thanks to very strong cash generation, it sees scope for the group to deleverage quickly and expects BBA to review its target capital structure in 2017, allowing for incremental shareholder return potential over the medium term.The bank said BBA's Signature Flight Support business is a unique asset, with leading share in an attractive market providing aviation services for the business and general aviation market."A decent long-term growth profile underpinned by both cyclical and structural factors is further strengthened by BBA's track record of growth ahead of the market, which we see as sustainable as the company begins to take advantage of network benefits from the Landmark acquisition."Barclays said that on an earnings basis, BBA trades more or less in line with the FTSE 250 but looks more attractive on a dividend yield basis, and offers a growth profile that is ahead of the market.At 0857 BST, BBA shares were up 3.3% to 255.50p.
More News
15 Nov 2019 16:05

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
14 Nov 2019 16:04

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
14 Nov 2019 09:21

UK BROKER RATINGS SUMMARY: Jefferies And JPMorgan Both Cut Tullow Oil

UK BROKER RATINGS SUMMARY: Jefferies And JPMorgan Both Cut Tullow Oil

Read more
13 Nov 2019 09:25

BBA Aviation To Change Name To Signature Aviation, Posts Solid Results

BBA Aviation To Change Name To Signature Aviation, Posts Solid Results

Read more
13 Nov 2019 08:43

BBA Aviation sees FY earnings in line with forecasts

(Sharecast News) - Aviation support services company BBA Aviation expects full-year underlying earnings to be in line with expectations following an improved performance from its Signature and Ontic units.

Read more
12 Nov 2019 13:31

Tuesday broker round-up

(Sharecast News) - BBA Aviation: HSBC downgrades to hold with a target price of 330p.

Read more
12 Nov 2019 09:32

UK BROKER RATINGS SUMMARY: Kepler Cheuvreux Raises Informa To Buy

UK BROKER RATINGS SUMMARY: Kepler Cheuvreux Raises Informa To Buy

Read more
6 Nov 2019 16:31

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
4 Nov 2019 09:10

UK BROKER RATINGS SUMMARY: Peel Hunt Initiates Whitbread With Buy

UK BROKER RATINGS SUMMARY: Peel Hunt Initiates Whitbread With Buy

Read more
1 Nov 2019 14:26

BBA Aviation to return $835m to shareholders, change name

(Sharecast News) - BBA Aviation said on Friday that it is planning to return $835m to shareholders as it announced it was changing its name to Signature Aviation.

Read more
1 Nov 2019 10:52

UK WINNERS & LOSERS SUMMARY: Lookers Profit Warning Hurts Auto Trader

UK WINNERS & LOSERS SUMMARY: Lookers Profit Warning Hurts Auto Trader

Read more
1 Nov 2019 09:25

BBA Aviation To Be Signature, Return USD835 Million After Ontic Sale

BBA Aviation To Be Signature, Return USD835 Million After Ontic Sale

Read more
1 Nov 2019 08:54

LONDON MARKET OPEN: FTSE 100 Gets Boost From Strong China PMI Data

LONDON MARKET OPEN: FTSE 100 Gets Boost From Strong China PMI Data

Read more
30 Oct 2019 09:23

BBA Aviation Prices USD650 Million Note Offering At 4.00%

BBA Aviation Prices USD650 Million Note Offering At 4.00%

Read more
29 Oct 2019 08:12

Moody's Assigns Ba2 Rating To BBA Aviation's Senior Unsecured Notes

Moody's Assigns Ba2 Rating To BBA Aviation's Senior Unsecured Notes

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.