Aviva’s (AV) Buy Rating Reiterated at Citigroup

Citigroup reaffirmed their buy rating on shares of Aviva (LON:AV) in a research report released on Tuesday, April 10th. Citigroup currently has a GBX 603 ($8.63) price target on the stock.

Several other equities research analysts have also recently weighed in on the stock. Barclays upgraded shares of Aviva to an overweight rating and raised their price objective for the company from GBX 567 ($8.12) to GBX 571 ($8.18) in a research report on Thursday, February 1st. Royal Bank of Canada restated an outperform rating and issued a GBX 540 ($7.73) price objective on shares of Aviva in a research report on Friday, December 15th. Deutsche Bank restated a buy rating on shares of Aviva in a research report on Friday, March 9th. JPMorgan Chase reiterated an overweight rating and set a GBX 623 ($8.92) price target on shares of Aviva in a research report on Friday, January 5th. Finally, Jefferies Group lifted their price target on shares of Aviva from GBX 606 ($8.68) to GBX 626 ($8.96) and gave the stock a buy rating in a research report on Monday, March 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 574.75 ($8.23).

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Shares of Aviva stock opened at GBX 505.60 ($7.24) on Tuesday. Aviva has a 12-month low of GBX 482.20 ($6.90) and a 12-month high of GBX 550 ($7.88).

The firm also recently disclosed a dividend, which will be paid on Thursday, May 17th. Stockholders of record on Thursday, April 5th will be issued a GBX 19 ($0.27) dividend. The ex-dividend date of this dividend is Thursday, April 5th. This is an increase from Aviva’s previous dividend of $8.40. This represents a dividend yield of 3.67%.

In other Aviva news, insider Patricia Cross acquired 2,704 shares of the stock in a transaction dated Thursday, March 22nd. The shares were bought at an average cost of GBX 508 ($7.27) per share, for a total transaction of £13,736.32 ($19,668.27). Insiders bought 2,821 shares of company stock worth $1,433,100 over the last quarter.

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Aviva Company Profile

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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