Citigroup Forecasts Strong Price Appreciation for Aviva (LON:AV) Stock

Aviva (LON:AV) had its price target hoisted by Citigroup from GBX 671 to GBX 721 in a research note issued on Wednesday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price objective suggests a potential downside of 1.29% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Berenberg Bank raised their price objective on shares of Aviva from GBX 800 to GBX 820 and gave the company a “buy” rating in a research note on Monday, August 17th. UBS Group restated a “buy” rating and set a GBX 750 target price on shares of Aviva in a research report on Monday, May 11th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 637 target price on shares of Aviva in a report on Friday, May 15th. JPMorgan Chase & Co. boosted their price target on Aviva from GBX 715 to GBX 800 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 780 price target on shares of Aviva in a report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 739.75.

Aviva Stock Performance

Shares of LON AV opened at GBX 730.40 on Wednesday. The firm has a market capitalization of £19.62 billion, a P/E ratio of 15.05, a PEG ratio of 2.01 and a beta of 0.62. Aviva has a one year low of GBX 390.70 and a one year high of GBX 510.20. The company’s fifty day moving average is GBX 679.34 and its two-hundred day moving average is GBX 646.66.

Insider Buying and Selling at Aviva

In other news, insider Pippa Lambert acquired 226 shares of the business’s stock in a transaction dated Wednesday, July 15th. The stock was acquired at an average price of GBX 662 per share, with a total value of £1,496.12. Insiders have purchased a total of 501 shares of company stock valued at $347,603 over the last ninety days. Insiders own 0.17% of the company’s stock.

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.