Aviva (LON:AV) Price Target Raised to GBX 735

Aviva (LON:AV - Get Free Report) had its price objective increased by JPMorgan Chase & Co. from GBX 695 ($9.33) to GBX 735 ($9.87) in a report released on Wednesday, MarketBeat.com reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 15.31% from the company's current price.

Separately, Citigroup assumed coverage on Aviva in a research report on Tuesday. They set a "neutral" rating and a GBX 623 ($8.36) target price on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Aviva currently has a consensus rating of "Buy" and a consensus target price of GBX 636 ($8.54).

Aviva Stock Performance

Shares of LON AV traded up GBX 2.20 ($0.03) during midday trading on Wednesday, reaching GBX 637.40 ($8.56). The company's stock had a trading volume of 3,299,060 shares. Aviva has a 12-month low of GBX 390.70 ($5.24) and a 12-month high of GBX 510.20 ($6.85). The firm has a 50 day moving average price of GBX 611.49 and a 200-day moving average price of GBX 552.96. The stock has a market capitalization of £17.13 billion, a P/E ratio of 13.14, a PEG ratio of 2.01 and a beta of 0.89. The company has a debt-to-equity ratio of 68.87, a current ratio of 2.93 and a quick ratio of 1.57.

Insider Buying and Selling at Aviva

In other news, insider Ian Clark bought 8,100 shares of the company's stock in a transaction dated Wednesday, July 9th. The stock was bought at an average cost of GBX 617 ($8.28) per share, for a total transaction of £49,977 ($67,083.22). Corporate 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.