Aviva’s (AV) “Outperform” Rating Reaffirmed at Royal Bank of Canada
Aviva (LON:AV)‘s stock had its “outperform” rating reissued by analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday. They currently have a GBX 540 ($7.32) price target on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 2.51% from the company’s previous close.
Other analysts have also issued reports about the stock. HSBC reduced their price objective on shares of Aviva from GBX 550 ($7.46) to GBX 535 ($7.26) and set a “hold” rating on the stock in a research report on Thursday, November 23rd. Barclays raised shares of Aviva to an “overweight” rating and raised their target price for the stock from GBX 509 ($6.90) to GBX 567 ($7.69) in a research report on Friday, October 27th. Shore Capital reaffirmed a “hold” rating on shares of Aviva in a research report on Thursday, November 30th. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 627 ($8.50) target price (down from GBX 670 ($9.09)) on shares of Aviva in a research report on Friday, November 3rd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 623 ($8.45) target price on shares of Aviva in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 570.29 ($7.73).
Shares of Aviva (LON:AV) opened at GBX 526.80 ($7.14) on Wednesday. Aviva has a 1 year low of GBX 467.31 ($6.34) and a 1 year high of GBX 570.50 ($7.74). The firm has a market cap of $21,140.00 and a PE ratio of 1,951.11.
In other Aviva news, insider Patricia Cross acquired 2,731 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were purchased at an average cost of GBX 507 ($6.88) per share, for a total transaction of £13,846.17 ($18,777.01). Also, insider Keith Williams acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were acquired at an average price of GBX 503 ($6.82) per share, for a total transaction of £50,300 ($68,212.64). Over the last ninety days, insiders have bought 12,820 shares of company stock worth $6,460,060.
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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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