Aviva (OTCMKTS:AVVIY) Sets New 1-Year High – Here’s Why

Aviva PLC (OTCMKTS:AVVIY) hit a new 52-week high on Friday . The stock traded as high as $19.62 and last traded at $19.58, with a volume of 901 shares changing hands. The stock had previously closed at $19.02.

Analyst Ratings Changes

AVVIY has been the topic of several analyst reports. Berenberg Bank upgraded Aviva to a “strong-buy” rating in a report on Thursday, May 28th. Jefferies Financial Group downgraded Aviva from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Sanford C. Bernstein lowered Aviva to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Aviva has an average rating of “Moderate Buy”.

Aviva Stock Up 1.7%

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.50 and a quick ratio of 1.50. The business’s 50 day simple moving average is $17.82 and its 200 day simple moving average is $17.36.

Aviva Company Profile

Aviva plc (OTCMKTS:AVVIY) is a UK-based multinational insurance company headquartered in London that provides a broad range of life and general insurance products, retirement solutions and investment management services. The company operates a diversified insurance business that includes individual and group life protection, health and income protection, home and motor insurance, workplace benefits, pensions and savings products. Aviva also offers asset management services through its investment arm, which manages assets on behalf of its insurance businesses and third-party clients.

Aviva traces its identity to a series of mergers and the consolidation of longstanding insurers, and it uses the Aviva brand across its operating markets.