Morgan Stanley Reiterates “Overweight” Rating for Aviva plc (AV)
Aviva plc (LON:AV)‘s stock had its “overweight” rating reaffirmed by research analysts at Morgan Stanley in a note issued to investors on Friday. They presently have a GBX 627 ($8.27) target price on the stock, down from their previous target price of GBX 670 ($8.84). Morgan Stanley’s target price indicates a potential upside of 23.22% from the stock’s current price.
AV has been the topic of several other reports. Deutsche Bank AG reissued a “buy” rating and issued a GBX 585 ($7.72) price target on shares of Aviva plc in a research note on Tuesday, October 10th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 617 ($8.14) price target on shares of Aviva plc in a research note on Sunday, October 29th. Panmure Gordon reissued a “buy” rating and issued a GBX 635 ($8.38) price target on shares of Aviva plc in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a GBX 606 ($8.00) price target on shares of Aviva plc in a research note on Friday, September 8th. Finally, Macquarie reissued an “outperform” rating on shares of Aviva plc in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 569.07 ($7.51).
Shares of Aviva plc (LON:AV) opened at GBX 508.83 ($6.71) on Friday. Aviva plc has a 52-week low of GBX 411.30 ($5.43) and a 52-week high of GBX 570.50 ($7.53).
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In related news, insider Patricia Cross purchased 2,609 shares of Aviva plc stock in a transaction dated Wednesday, October 4th. The shares were acquired at an average cost of GBX 498 ($6.57) per share, with a total value of £12,992.82 ($17,145.45). Also, insider Glyn Barker acquired 11,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was acquired at an average price of GBX 505 ($6.66) per share, with a total value of £55,550 ($73,304.30). Insiders bought a total of 13,696 shares of company stock worth $6,898,713 over the last three months.
About Aviva plc
Aviva plc is a holding company. The Company provides customers with long-term insurance and savings, general and health insurance, and fund management products and services. Its segments include United Kingdom & Ireland; France; Poland; Italy, Spain and Other; Canada; Asia; Aviva Investors, and Other Group activities.
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