Aviva's (AV) Outperform Rating Reiterated at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reiterated Aviva’s “outperform” rating and maintained a GBX 780 price target, implying 6.88% upside from the previous close.
• Analyst sentiment remains positive, with Aviva holding a consensus “Moderate Buy” rating and an average price target of GBX 739.75.
• Aviva shares rose 0.7% to GBX 729.80, while insiders purchased 501 shares worth approximately £347,603 over the past 90 days.

Aviva (LON:AV - Get Free Report)'s stock had its "outperform" rating reiterated by Royal Bank Of Canada in a research note issued to investors on Monday, Digital Look reports. They currently have a GBX 780 price objective on the stock. Royal Bank Of Canada's price objective would indicate a potential upside of 6.88% from the company's previous close.

Several other equities research analysts have also issued reports on AV. Berenberg Bank lifted their target price on shares of Aviva from GBX 800 to GBX 820 and gave the company a "buy" rating in a research report on Monday, August 17th. JPMorgan Chase & Co. raised their price objective on shares of Aviva from GBX 715 to GBX 800 and gave the company an "overweight" rating in a research report on Thursday, August 13th. Citigroup lifted their price objective on shares of Aviva from GBX 671 to GBX 721 and gave the stock a "neutral" rating in a report on Wednesday, August 26th. UBS Group reiterated a "buy" rating and issued a GBX 750 target price on shares of Aviva in a research report on Monday, May 11th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a GBX 637 target price on shares of Aviva in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Aviva presently has a consensus rating of "Moderate Buy" and an average target price of GBX 739.75.

Aviva Trading Up 0.7%

Shares of LON AV opened at GBX 729.80 on Monday. Aviva has a 12 month low of GBX 390.70 and a 12 month high of GBX 510.20. The firm has a market capitalization of £19.61 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 2.01 and a beta of 0.62. The business has a 50-day moving average of GBX 693.40 and a 200-day moving average of GBX 651.95.

Insider Transactions at Aviva

In other Aviva news, insider Pippa Lambert purchased 205 shares of the firm's stock in a transaction on Monday, August 17th. The shares were purchased at an average cost of GBX 729 per share, with a total value of £1,494.45. Insiders purchased a total of 501 shares of company stock valued at $347,603 over the last ninety days. 0.17% of the stock is owned by corporate insiders.

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.

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