Citigroup Issues Positive Forecast for Aviva (LON:AV) Stock Price

Aviva (LON:AV) had its price target upped by investment analysts at Citigroup from GBX 671 to GBX 721 in a research report issued on Wednesday,Digital Look reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential downside of 1.29% from the company’s current price.

AV has been the subject of a number of other research reports. Berenberg Bank upped their price objective on shares of Aviva from GBX 800 to GBX 820 and gave the company a “buy” rating in a research note on Monday, August 17th. JPMorgan Chase & Co. raised their target price on shares of Aviva from GBX 715 to GBX 800 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. UBS Group restated a “buy” rating and issued a GBX 750 target price on shares of Aviva in a report on Monday, May 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 780 price target on shares of Aviva in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 637 price target on shares of Aviva in a research note on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Aviva presently has an average rating of “Moderate Buy” and a consensus price target of GBX 739.75.

Aviva Trading Up 0.3%

LON AV opened at GBX 730.40 on Wednesday. The business’s 50-day moving average price is GBX 679.34 and its 200 day moving average price is GBX 646.66. Aviva has a twelve month low of GBX 390.70 and a twelve month high of GBX 510.20. The company has a market capitalization of £19.62 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 2.01 and a beta of 0.62.

Insider Buying and Selling

In other news, insider Pippa Lambert acquired 205 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were bought at an average cost of GBX 729 per share, for a total transaction of £1,494.45. Insiders bought 501 shares of company stock worth $347,603 in the last ninety days. Corporate insiders own 0.17% of the company’s stock.

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.