Aviva (LON:AV) had its price objective reduced by research analysts at Deutsche Bank from GBX 495 ($6.47) to GBX 485 ($6.34) in a research report issued on Tuesday, August 27th, Digital Look reports. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 25.19% from the company’s current price.
A number of other equities analysts have also recently issued reports on the company. UBS Group reiterated a “buy” rating on shares of Aviva in a report on Thursday, August 8th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Aviva in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lifted their target price on shares of Aviva from GBX 479 ($6.26) to GBX 484 ($6.32) and gave the stock an “overweight” rating in a research note on Monday, May 13th. Royal Bank of Canada reissued a “top pick” rating and set a GBX 560 ($7.32) price objective on shares of Aviva in a report on Monday, August 12th. Finally, Jefferies Financial Group increased their price objective on Aviva from GBX 500 ($6.53) to GBX 520 ($6.79) and gave the stock a “buy” rating in a research report on Monday, April 29th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 498.55 ($6.51).
Shares of AV traded up GBX 13 ($0.17) during mid-day trading on Tuesday, reaching GBX 387.40 ($5.06). The company had a trading volume of 13,631,039 shares, compared to its average volume of 10,250,000. The company has a market capitalization of $15.17 billion and a price-to-earnings ratio of 6.66. Aviva has a 1-year low of GBX 3.87 ($0.05) and a 1-year high of GBX 498.50 ($6.51). The company’s 50 day simple moving average is GBX 382.74 and its 200 day simple moving average is GBX 411.03. The company has a debt-to-equity ratio of 48.99, a quick ratio of 0.98 and a current ratio of 1.91.
In related news, insider Belen Romana Garcia purchased 1,411 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were purchased at an average cost of GBX 418 ($5.46) per share, for a total transaction of £5,897.98 ($7,706.76).
Aviva plc provides various insurance and savings products primarily in the United Kingdom, rest of Europe, North America, and South-East Asia. The company offers life insurance, long term health and accident insurance, savings, 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 and medical expenses, as well as property and liability, such as employers' and professional indemnity liabilities.
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