Aviva (LON:AV) Earns “Buy” Rating from Berenberg Bank

Aviva (LON:AV)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research report issued to clients and investors on Friday,London Stock Exchange reports. They currently have a GBX 800 price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 27.43% from the company’s previous close.

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

Aviva Price Performance

LON AV traded up GBX 8.80 on Friday, reaching GBX 627.80. The company had a trading volume of 5,543,444 shares. The stock has a market capitalization of £16.87 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 2.01 and a beta of 0.62. The firm’s 50 day moving average price is GBX 623.90 and its 200 day moving average price is GBX 641.01. The company has a quick ratio of 1.57, a current ratio of 0.26 and a debt-to-equity ratio of 85.66. Aviva has a 12 month low of GBX 390.70 and a 12 month high of GBX 510.20.

Insiders Place Their Bets

In related news, insider Amanda Blanc acquired 10,258 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of GBX 621 per share, with a total value of £63,702.18. Also, insider Charlotte Jones sold 222,480 shares of Aviva stock in a transaction dated Friday, March 20th. The shares were sold at an average price of GBX 610, for a total value of £1,357,128. Insiders purchased a total of 17,585 shares of company stock worth $10,923,161 over the last 90 days. Company insiders own 0.17% of the company’s stock.

Aviva Company Profile

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.