Aviva (AV) Earns “Buy” Rating from UBS Group

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UBS Group restated their buy rating on shares of Aviva (LON:AV) in a research report released on Tuesday, October 16th, investing.thisismoney.co.uk reports. They currently have a GBX 535 ($6.99) target price on the stock, down from their previous target price of GBX 575 ($7.51).

AV has been the topic of a number of other research reports. Citigroup restated a buy rating and issued a GBX 603 ($7.88) price objective on shares of Aviva in a report on Thursday, August 16th. Barclays increased their price objective on Aviva from GBX 573 ($7.49) to GBX 581 ($7.59) and gave the stock an overweight rating in a report on Wednesday, July 18th. Finally, Shore Capital reaffirmed an under review rating on shares of Aviva in a research report on Tuesday, October 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 564.31 ($7.37).

Shares of AV traded up GBX 5.50 ($0.07) during trading hours on Tuesday, reaching GBX 433.70 ($5.67). The company’s stock had a trading volume of 9,618,830 shares, compared to its average volume of 10,250,000. Aviva has a 1-year low of GBX 482.20 ($6.30) and a 1-year high of GBX 550 ($7.19).

In other news, insider Andrew Briggs bought 25,000 shares of Aviva stock in a transaction that occurred on Wednesday, November 7th. The stock was purchased at an average cost of GBX 423 ($5.53) per share, with a total value of £105,750 ($138,181.11). Also, insider Belen Romana Garcia bought 846 shares of Aviva stock in a transaction that occurred on Thursday, September 27th. The stock was purchased at an average cost of GBX 497 ($6.49) per share, with a total value of £4,204.62 ($5,494.08). Insiders bought 25,907 shares of company stock valued at $11,025,340 over the last three months.

About Aviva

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.

See Also: Rule of 72

Analyst Recommendations for Aviva (LON:AV)

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