Aviva (LON:AV) Price Target Raised to GBX 820 at Berenberg Bank

Key Points

• Berenberg raised Aviva’s price target to GBX 820 from GBX 800 and maintained a “buy” rating, implying 12.85% potential upside from the previous close.
• Analyst sentiment is broadly positive: Aviva has a consensus “Moderate Buy” rating, with five Buy, two Hold, and one Sell recommendation; the consensus price target is GBX 733.50.
• Recent earnings momentum has been supported by a 24% profit increase, improving performance at Direct Line, and contributions from wealth management and general insurance.

Aviva (LON:AV - Get Free Report) had its price target upped by research analysts at Berenberg Bank from GBX 800 to GBX 820 in a report released on Monday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price points to a potential upside of 12.85% from the company's previous close.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on Aviva from GBX 715 to GBX 800 and gave the company an "overweight" rating in a research note on Thursday. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 637 price target on shares of Aviva in a research report on Friday, May 15th. UBS Group reiterated a "buy" rating and set a GBX 750 price objective on shares of Aviva in a report on Monday, May 11th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 780 price objective on shares of Aviva in a research report on Wednesday, July 29th. 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 733.50.

Aviva Stock Up 1.8%

Shares of AV stock opened at GBX 726.60 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 fifty day moving average of GBX 664.13 and a 200-day moving average of GBX 642.31. The firm has a market capitalization of £19.52 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 2.01 and a beta of 0.62.

Insiders Place Their Bets

In other news, insider Pippa Lambert bought 226 shares of the stock in a transaction on Wednesday, July 15th. The stock was purchased at an average price of GBX 662 per share, for a total transaction of £1,496.12. Insiders own 0.17% of the company's stock.

Key Aviva News

Here are the key news stories impacting Aviva this week:

• Positive Sentiment: Profit growth and acquisition benefits: Aviva reported a 24% increase in profits, with the Direct Line turnaround and stronger general insurance performance helping results beat expectations. Aviva profits jump following Direct Line acquisition
• Positive Sentiment: Direct Line integration is supporting growth: Coverage highlighted improving performance from Direct Line following its acquisition by Aviva, reinforcing the investment case for the transaction and potentially easing concerns over the deal’s execution. Aviva earnings jump amid Direct Line turnaround
• Positive Sentiment: Diversified operating momentum: Beyond Direct Line, wealth management and general insurance were identified as important contributors to the earnings beat, suggesting growth is not dependent on a single business line. Aviva beats profit expectations as Direct Line and wealth management drive growth
• Positive Sentiment: Broker confidence: JPMorgan raised its price target from 715p to 800p and maintained an “overweight” rating, signaling increased confidence in Aviva’s earnings outlook and valuation. Digital Look broker views
• Neutral Sentiment: Catastrophe exposure remains a watchpoint: Aviva’s chief executive said the company’s profit target remains secure despite fires in the UK and Canada. The reassurance is supportive, although further severe events could increase claims costs. Aviva CEO Says Profit Target Is Safe Despite Fires in UK, Canada

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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