Aviva (AV) Price Target Raised to GBX 600

Aviva (LON:AV) had its price target lifted by Deutsche Bank from GBX 585 ($7.82) to GBX 600 ($8.02) in a note issued to investors on Monday, December 4th. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 18.46% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 617 ($8.25) target price on shares of Aviva in a research report on Sunday, October 29th. Jefferies Group reiterated a “buy” rating and set a GBX 606 ($8.10) target price on shares of Aviva in a research report on Friday, September 8th. Macquarie reiterated an “outperform” rating on shares of Aviva in a research report on Tuesday, September 12th. Citigroup restated a “buy” rating on shares of Aviva in a research report on Monday, November 13th. Finally, Barclays raised their price objective on shares of Aviva from GBX 504 ($6.74) to GBX 509 ($6.81) and gave the company an “equal weight” rating in a research report on Monday, September 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. Aviva presently has an average rating of “Buy” and a consensus price target of GBX 567.88 ($7.59).

Shares of Aviva (AV) traded up GBX 5.50 ($0.07) during mid-day trading on Monday, hitting GBX 506.50 ($6.77). 3,603,838 shares of the stock were exchanged, compared to its average volume of 9,320,000. Aviva has a 52 week low of GBX 467.31 ($6.25) and a 52 week high of GBX 570.50 ($7.63). The firm has a market cap of $20,320.00 and a PE ratio of 1,875.93.

In other Aviva news, insider Patricia Cross acquired 2,609 shares of the stock in a transaction dated Wednesday, October 4th. The shares were bought at an average cost of GBX 498 ($6.66) per share, for a total transaction of £12,992.82 ($17,372.40). Also, insider Keith Williams acquired 10,000 shares of the stock in a transaction dated Wednesday, December 20th. The stock was acquired at an average price of GBX 503 ($6.73) per share, for a total transaction of £50,300 ($67,254.98). Insiders have acquired a total of 15,430 shares of company stock worth $7,758,883 over the last 90 days.

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About Aviva

Aviva plc is a holding company. The Company provides customers with long-term insurance and savings, general and health insurance, and fund management products and services. Its segments include United Kingdom & Ireland; France; Poland; Italy, Spain and Other; Canada; Asia; Aviva Investors, and Other Group activities.

Analyst Recommendations for Aviva (LON:AV)

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