The U.K.-based Jet Card seller is publicly traded on the London Stock Exchange
According to a report from business journals, Liberum Capital upgraded shares of Air Partner (LON:AIR) to a buy rating in a report published late last month. Liberum Capital currently has GBX 165 price target on the private aviation stock, up from their previous price target of GBX 150.
Air Partner (AIR) traded up GBX 0.50 during trading on Friday, reaching GBX 148.50. Some 18,179 shares of the company were exchanged, compared to its average volume of 79,172. Air Partner has a fifty-two week low of GBX 99.75 and a fifty-two week high of GBX 156. The stock has a market cap of $78.33 and a price-to-earnings ratio of 2,475.00.
In addition to Jet Cards, Air Partner offers services and solutions in on-demand air charter, specialist travel management, crisis and emergency planning, aircraft remarketing and aviation safety consultancy. Areas of business include Commercial Jets Broking, Private Jets Broking, Freight Broking and Baines Simmons.
The Air Partner Jet Card starts at 10 hours and offers both guaranteed availability and fixed one-way pricing. It also offers service areas covering North America, Europe and the Middle East. It has been expanding its luxury lifestyle partnerships, including offering yacht and private air packages with superyacht broker Camper & Nicholsons.