Aviva’s (AV) “Buy” Rating Reaffirmed at Berenberg Bank

Aviva (LON:AV)‘s stock had its “buy” rating restated by Berenberg Bank in a report released on Friday,London Stock Exchange reports. They presently have a GBX 800 price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 27.43% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Aviva from GBX 725 to GBX 715 and set a “neutral” rating for the company in a report on Friday, May 29th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 637 price objective on shares of Aviva in a report on Friday, May 15th. UBS Group restated a “buy” rating and issued a GBX 750 price objective on shares of Aviva in a research report on Monday, May 11th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 770 price objective on shares of Aviva in a research report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 719.13.

Aviva Stock Performance

Shares of Aviva stock traded up GBX 8.80 during trading on Friday, hitting GBX 627.80. 5,543,444 shares of the company’s stock were exchanged. The company has a debt-to-equity ratio of 85.66, a quick ratio of 1.57 and a current ratio of 0.26. The business has a 50-day simple moving average of GBX 623.90 and a 200-day simple moving average of GBX 641.01. Aviva has a 52-week low of GBX 390.70 and a 52-week high of GBX 510.20. The stock has a market capitalization of £16.87 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 2.01 and a beta of 0.62.

Insider Buying and Selling

In related news, insider Amanda Blanc sold 560,817 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of GBX 610, for a total transaction of £3,420,983.70. Also, insider Pippa Lambert purchased 242 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of GBX 616 per share, for a total transaction of £1,490.72. Over the last three months, insiders have acquired 17,585 shares of company stock worth $10,923,161. 0.17% of the stock is owned by insiders.

About Aviva

Aviva plc provides various insurance, retirement, investment, and savings products in the United Kingdom, Ireland, Canada, and internationally. The company offers life insurance, long-term health and accident insurance, savings, pension, and annuity products, as well as pension fund business and lifetime mortgage products. It also provides insurance cover to individuals, small and medium-sized businesses for risks associated with motor vehicles and medical expenses, as well as property and liability, such as employers' and professional indemnity liabilities.