Aviva's (AV) "Buy" Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “Buy” rating on Aviva and set an 820 GBX price target, implying approximately 15% upside from the prior close.
• Analyst sentiment remains positive overall: Aviva has five Buy and two Hold ratings, with a consensus rating of “Moderate Buy” and an average price target of 752.57 GBX.
• Aviva shares opened at 713 GBX, while insider Pippa Lambert purchased 210 shares at an average price of 710 GBX; insiders bought 484 shares over the past quarter.

Aviva (LON:AV - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Berenberg Bank in a research note issued on Monday, London Stock Exchange reports. They presently have a GBX 820 price target on the stock. Berenberg Bank's target price indicates a potential upside of 15.01% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price target on Aviva from GBX 715 to GBX 800 and gave the company an "overweight" rating in a research report on Thursday, August 13th. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 780 price objective on shares of Aviva in a report on Monday, September 7th. Finally, Citigroup upped their price objective on Aviva from GBX 671 to GBX 721 and gave the stock a "neutral" rating in a report on Wednesday, August 26th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 752.57.

Aviva Stock Up 0.6%

Shares of LON:AV opened at GBX 713 on Monday. The firm has a market capitalization of £19.16 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 2.01 and a beta of 0.62. The company has a debt-to-equity ratio of 67.98, a quick ratio of 1.57 and a current ratio of 0.26. Aviva has a 52-week low of GBX 390.70 and a 52-week high of GBX 510.20. The firm has a fifty day moving average of GBX 708.59 and a 200 day moving average of GBX 665.08.

Insider Activity at Aviva

In other Aviva news, insider Pippa Lambert purchased 210 shares of the firm's stock in a transaction on Tuesday, September 15th. The shares were purchased at an average cost of GBX 710 per share, with a total value of £1,491. Insiders have purchased 484 shares of company stock worth $348,286 over the last quarter. Company 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.