Aviva plc (AV) Receives Average Recommendation of “Buy” from Analysts
Shares of Aviva plc (LON:AV) have been given an average rating of “Buy” by the sixteen brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 575.42 ($7.42).
A number of equities research analysts have recently commented on the stock. Barclays increased their target price on shares of Aviva from GBX 581 ($7.49) to GBX 610 ($7.87) and gave the company an “overweight” rating in a research report on Friday. Citigroup reiterated a “buy” rating and issued a GBX 603 ($7.78) target price on shares of Aviva in a research report on Thursday, August 16th. Deutsche Bank reiterated a “buy” rating and issued a GBX 600 ($7.74) target price on shares of Aviva in a research report on Friday, May 25th. Goldman Sachs Group upgraded shares of Aviva to a “buy” rating and increased their target price for the company from GBX 525 ($6.77) to GBX 590 ($7.61) in a research report on Monday, May 28th. Finally, Deutsche Bank reiterated a “buy” rating and issued a GBX 600 ($7.74) target price on shares of Aviva in a research report on Friday, May 25th.
Shares of LON AV traded down GBX 7.60 ($0.10) during mid-day trading on Monday, reaching GBX 478.30 ($6.17). The company’s stock had a trading volume of 12,283,144 shares, compared to its average volume of 10,250,000. Aviva has a 1-year low of GBX 482.20 ($6.22) and a 1-year high of GBX 550 ($7.09).
Aviva plc provides various insurance and savings products primarily in the United Kingdom, rest of Europe, Canada, and Asia. The company offers life insurance, long term health and accident insurance, pension, and annuity products; and lifetime mortgage products. It also provides insurance cover to individuals, and small and medium-sized businesses for risks associated primarily with motor vehicles, property, and medical expenses, as well as liabilities, such as employers' and professional indemnity liabilities.
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