Aviva (LON:AV) Price Target Raised to GBX 800

Key Points

• JPMorgan raised Aviva’s price target from GBX 715 to GBX 800 and maintained an “overweight” rating, implying 13.64% potential upside from the prior close.
• Analyst sentiment remains generally positive: Aviva has an average “Moderate Buy” rating and a consensus target price of GBX 731, with targets ranging from GBX 637 to GBX 800.
• Aviva shares opened at GBX 704, while insiders—including CEO Amanda Blanc—have recently purchased shares; insiders bought 17,620 shares worth approximately $10.95 million over the past 90 days.

Aviva (LON:AV - Get Free Report) had its price objective increased by analysts at JPMorgan Chase & Co. from GBX 715 to GBX 800 in a research report issued on Thursday,Digital Look reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 13.64% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 780 price target on shares of Aviva in a report on Wednesday, July 29th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 800 target price on shares of Aviva in a research note on Friday, June 12th. UBS Group reiterated a "buy" rating and issued a GBX 750 price target on shares of Aviva in a research note on Monday, May 11th. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 637 price objective on shares of Aviva in a research report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 731.

Aviva Stock Up 1.0%

Shares of LON AV opened at GBX 704 on Thursday. The company has a current ratio of 0.26, a quick ratio of 1.57 and a debt-to-equity ratio of 85.66. The company has a market cap of £18.92 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 2.01 and a beta of 0.62. Aviva has a 12 month low of GBX 390.70 and a 12 month high of GBX 510.20. The stock has a 50-day moving average price of GBX 660.04 and a two-hundred day moving average price of GBX 641.29.

Insider Activity

In other Aviva news, insider Amanda Blanc purchased 10,258 shares of the company's stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of GBX 621 per share, with a total value of £63,702.18. Also, insider Pippa Lambert purchased 226 shares of the business's stock in a transaction on Wednesday, July 15th. The shares were acquired at an average price of GBX 662 per share, for a total transaction of £1,496.12. In the last 90 days, insiders have purchased 17,620 shares of company stock worth $10,951,480. 0.17% of the stock is owned by corporate insiders.

Aviva Company Profile

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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