Aviva plc (AV) Receives GBX 508.33 Average PT from Analysts
Aviva plc (LON:AV) has earned an average rating of “Buy” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 508.33 ($6.64).
Several research analysts have weighed in on AV shares. HSBC lowered their target price on Aviva from GBX 540 ($7.06) to GBX 475 ($6.21) and set a “hold” rating on the stock in a research note on Tuesday, March 26th. UBS Group reiterated a “buy” rating and issued a GBX 525 ($6.86) target price (down from GBX 535 ($6.99)) on shares of Aviva in a research note on Tuesday, January 22nd. Shore Capital reiterated a “hold” rating and issued a GBX 430 ($5.62) target price on shares of Aviva in a research note on Friday, April 5th. Deutsche Bank reiterated a “buy” rating and issued a GBX 490 ($6.40) target price on shares of Aviva in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. lowered their target price on Aviva from GBX 636 ($8.31) to GBX 493 ($6.44) and set an “overweight” rating on the stock in a research note on Tuesday, January 8th.
Shares of AV stock traded down GBX 3.40 ($0.04) during midday trading on Tuesday, hitting GBX 431.60 ($5.64). The company had a trading volume of 7,862,499 shares, compared to its average volume of 10,250,000. Aviva has a 52-week low of GBX 361.80 ($4.73) and a 52-week high of GBX 554.60 ($7.25). The company has a market capitalization of $16.90 billion and a P/E ratio of 11.42. The company has a current ratio of 3.09, a quick ratio of 2.23 and a debt-to-equity ratio of 51.04.
In other Aviva news, insider Belen Romana Garcia purchased 1,009 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were purchased at an average cost of GBX 414 ($5.41) per share, for a total transaction of £4,177.26 ($5,458.33). Also, insider Tom Stoddard sold 153,625 shares of Aviva stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of GBX 412 ($5.38), for a total value of £632,935 ($827,041.68). Over the last 90 days, insiders purchased 1,115 shares of company stock worth $462,699.
Aviva Company Profile
Aviva plc provides various insurance and savings products primarily in the United Kingdom, rest of Europe, North America, and South-East Asia. The company offers life insurance, long term health and accident insurance, savings, pension, and annuity products; and lifetime mortgage products. It also provides insurance cover to individuals, and small and medium-sized businesses for risks associated primarily with motor vehicles and medical expenses, as well as property and liability, such as employers' and professional indemnity liabilities.
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