Aviva (LON:AV) Stock Price Down 1.6% – Here’s What Happened

Shares of Aviva plc (LON:AV) traded down 1.6% during trading on Friday . The stock traded as low as GBX 640.40 and last traded at GBX 644.20. 5,543,388 shares changed hands during trading, The stock had previously closed at GBX 654.60.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Aviva in a research note on Wednesday, January 7th. They issued a “buy” rating and a GBX 760 price objective for the company. UBS Group restated a “buy” rating and set a GBX 750 price target on shares of Aviva in a research report on Friday, November 7th. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a GBX 650 price objective on shares of Aviva in a report on Friday, October 10th. JPMorgan Chase & Co. lowered their target price on Aviva from GBX 735 to GBX 725 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Finally, Citigroup dropped their target price on Aviva from GBX 687 to GBX 671 and set a “neutral” rating for the company in a report on Tuesday, November 25th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Aviva currently has an average rating of “Hold” and an average target price of GBX 711.20.

Aviva Price Performance

The stock has a market cap of £17.31 billion, a PE ratio of 13.28, a PEG ratio of 2.01 and a beta of 0.89. The business’s 50-day simple moving average is GBX 662.76 and its 200-day simple moving average is GBX 662.06. The company has a quick ratio of 1.57, a current ratio of 2.93 and a debt-to-equity ratio of 68.87.

Aviva (LON:AV) last posted its earnings results on Monday, December 15th. The company reported GBX 21.70 earnings per share (EPS) for the quarter. Aviva had a return on equity of 14.82% and a net margin of 3.52%. On average, research analysts expect that Aviva plc will post 46.4942529 EPS for the current fiscal year.

Insider Buying and Selling at Aviva

In other Aviva news, insider Pippa Lambert bought 214 shares of Aviva stock in a transaction dated Thursday, January 15th. The shares were purchased at an average cost of GBX 679 per share, with a total value of £1,453.06. In the last 90 days, insiders purchased 665 shares of company stock valued at $439,288. 0.17% of the stock is currently owned by company insiders.

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.