Aviva’s (AV) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Aviva (LON:AV) in a research report sent to investors on Friday,London Stock Exchange reports. They currently have a GBX 800 price target on the stock.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of Aviva from GBX 725 to GBX 715 and set a “neutral” rating for the company in a research note on Friday, May 29th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 637 target price on shares of Aviva in a research note on Friday, May 15th. UBS Group reiterated a “buy” rating and issued a GBX 750 target price on shares of Aviva in a research note on Monday, May 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 770 target price on shares of Aviva in a research note on Monday, May 18th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Aviva currently has a consensus rating of “Hold” and an average price target of GBX 719.13.

Aviva Stock Performance

LON:AV traded up GBX 8.80 during trading hours on Friday, hitting GBX 627.80. 5,543,444 shares of the company were exchanged. The stock has a market capitalization of £16.87 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 2.01 and a beta of 0.62. Aviva has a 52-week low of GBX 390.70 and a 52-week high of GBX 510.20. The company has a debt-to-equity ratio of 85.66, a current ratio of 0.26 and a quick ratio of 1.57. The company’s 50 day moving average price is GBX 623.90 and its 200-day moving average price is GBX 641.01.

Insider Activity at Aviva

In other news, insider Amanda Blanc acquired 10,258 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of GBX 621 per share, with a total value of £63,702.18. Also, insider Pippa Lambert acquired 242 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of GBX 616 per share, with a total value of £1,490.72. Over the last quarter, insiders bought 17,585 shares of company stock valued at $10,923,161. 0.17% of the stock is owned by company insiders.

About Aviva

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.