Aviva (LON:AV) Given New GBX 687 Price Target at Citigroup

Key Points

• Citigroup has raised its price target for Aviva from GBX 623 to GBX 687, maintaining a "neutral" rating, indicating a potential upside of 2.23% from the previous close.
• JPMorgan Chase & Co. has increased its target for Aviva from GBX 695 to GBX 735 and assigned an "overweight" rating, reflecting strong analyst interest in the company.
• Aviva's stock has shown a 1-year low of GBX 390.70 and a high of GBX 510.20, with a current market cap of £18.06 billion and an average rating of "Buy" from analysts.

Aviva (LON:AV - Get Free Report) had its price objective boosted by stock analysts at Citigroup from GBX 623 to GBX 687 in a report released on Thursday, MarketBeat.com reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price objective suggests a potential upside of 2.14% from the company's current price.

Separately, JPMorgan Chase & Co. lifted their price target on Aviva from GBX 695 to GBX 735 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of GBX 657.33.

Aviva Trading Down 0.1%

Shares of AV traded down GBX 1 during trading on Thursday, reaching GBX 672.60. 3,235,612 shares of the company traded hands. Aviva has a twelve month low of GBX 390.70 and a twelve month high of GBX 510.20. The stock has a market cap of £18.07 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 2.01 and a beta of 0.89. The stock has a 50-day simple moving average of GBX 634.21 and a 200-day simple moving average of GBX 581.43. The company has a quick ratio of 1.57, a current ratio of 2.93 and a debt-to-equity ratio of 68.87.

Aviva (LON:AV - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported GBX 21.70 EPS for the quarter. Aviva had a return on equity of 14.82% and a net margin of 3.52%. On average, analysts anticipate that Aviva will post 46.4942529 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Ian Clark purchased 8,100 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was bought at an average cost of GBX 617 per share, for a total transaction of £49,977. 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.