skip to content

Market News

BBA Aviation upgraded by JP Morgan

03 August 2016 13:44

JP Morgan Cazenove has upgraded its recommendation on BBA (LON:BBA) to 'overweight' from 'neutral' following the aviation services group's first half results, which came in slightly ahead of expectations.

The City heavyweight said: "A strong cash performance, with FCFe rising drives leverage reduction down faster than expected, to $1.44bn, 3.2x ND/EBITDA.

"Although challenges continue in the Aftermarket, specifically at ERO, we take heart from a strong performance at Signature, which saw organic growth accelerate in H1."

Analysts have lifted their price target to 274 pence per share from 242 pence.

At 1:44pm: (LON:BBA) BBA Aviation PLC share price was -2.25p at 253.85p

Story provided by

Related Company: BBA

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.