Aviva (LON:AV) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Aviva (LON:AV) in a report released on Friday morning,London Stock Exchange reports. The brokerage currently has a GBX 800 price target on the stock.

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

Aviva Trading Up 1.4%

AV stock traded up GBX 8.80 during mid-day trading on Friday, reaching GBX 627.80. 5,543,444 shares of the stock traded hands. The company has a current ratio of 0.26, a quick ratio of 1.57 and a debt-to-equity ratio of 85.66. Aviva has a 52-week low of GBX 390.70 and a 52-week high of GBX 510.20. The company has a market cap of £16.87 billion, a P/E ratio of 12.94, a P/E/G ratio of 2.01 and a beta of 0.62. The stock’s fifty day moving average is GBX 623.90 and its 200-day moving average is GBX 641.01.

Insider Buying and Selling at Aviva

In other Aviva news, insider Charlotte Jones sold 222,480 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of GBX 610, for a total transaction of £1,357,128. Also, insider Amanda Blanc sold 560,817 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of GBX 610, for a total value of £3,420,983.70. Insiders have purchased a total of 17,585 shares of company stock worth $10,923,161 over the last 90 days. Insiders own 0.17% of the company’s stock.

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.