Citigroup Reiterates Buy Rating for Aviva (AV)
Aviva (LON:AV)‘s stock had its “buy” rating reissued by equities research analysts at Citigroup in a research note issued on Tuesday. They presently have a GBX 603 ($8.18) target price on the stock. Citigroup’s target price points to a potential upside of 14.86% from the stock’s current price.
A number of other research analysts have also recently commented on the stock. HSBC dropped their target price on shares of Aviva from GBX 550 ($7.46) to GBX 535 ($7.26) and set a “hold” rating for the company in a report on Thursday, November 23rd. Goldman Sachs Group reissued a “neutral” rating and issued a GBX 525 ($7.12) target price on shares of Aviva in a report on Tuesday, September 12th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 624 ($8.46) target price on shares of Aviva in a report on Monday, September 11th. Barclays upgraded shares of Aviva to an “overweight” rating and raised their price objective for the company from GBX 509 ($6.90) to GBX 567 ($7.69) in a report on Friday, October 27th. Finally, Shore Capital reiterated a “hold” rating on shares of Aviva in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 570.29 ($7.73).
Shares of Aviva (AV) opened at GBX 525 ($7.12) on Tuesday. The stock has a market cap of $21,070.00 and a PE ratio of 1,944.44. Aviva has a one year low of GBX 467.31 ($6.34) and a one year high of GBX 570.50 ($7.74).
In related news, insider Keith Williams acquired 10,000 shares of Aviva stock in a transaction dated Wednesday, December 20th. The stock was bought at an average price of GBX 503 ($6.82) per share, with a total value of £50,300 ($68,212.64). Also, insider Patricia Cross purchased 2,731 shares of Aviva stock in a transaction that occurred on Friday, December 22nd. The stock was acquired at an average cost of GBX 507 ($6.88) per share, with a total value of £13,846.17 ($18,777.01). In the last 90 days, insiders have acquired 12,791 shares of company stock valued at $6,444,661.
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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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