Aviva (LON:AV) Shares Up 0.7% - What's Next?

Key Points

• Aviva plc's share price increased 0.7% during Thursday's mid-day trading, reaching GBX 665 ($9.03), up from its previous close of GBX 660.60 ($8.97).
• Analysts have raised their target prices for Aviva, with JPMorgan Chase increasing their target from GBX 695 to GBX 735, while Citigroup boosted theirs from GBX 623 to GBX 687, reflecting a consensus rating of "Buy."
• Insiders have been active in acquiring shares, with Ian Clark purchasing 8,100 shares at GBX 617 and Amanda Blanc buying 19,142 shares at GBX 623 in recent months.

Aviva plc (LON:AV - Get Free Report)'s share price shot up 0.7% during mid-day trading on Thursday . The stock traded as high as GBX 665 ($9.03) and last traded at GBX 665 ($9.03). 1 shares changed hands during trading, The stock had previously closed at GBX 660.60 ($8.97).

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Aviva from GBX 695 to GBX 735 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Citigroup boosted their target price on Aviva from GBX 623 to GBX 687 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Aviva has a consensus rating of "Buy" and an average target price of GBX 711.

Aviva Trading Up 0.4%

The business's 50-day moving average price is GBX 646.03 and its two-hundred day moving average price is GBX 595.03. The company has a debt-to-equity ratio of 68.87, a current ratio of 2.93 and a quick ratio of 1.57. The firm has a market cap of £17.94 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 2.01 and a beta of 0.89.

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

Insider Activity

In related news, insider Ian Clark acquired 8,100 shares of Aviva stock in a transaction on Wednesday, July 9th. The shares were purchased at an average cost of GBX 617 per share, for a total transaction of £49,977. Also, insider Amanda Blanc acquired 19,142 shares of Aviva stock in a transaction on Wednesday, September 3rd. The shares were bought at an average price of GBX 623 per share, for a total transaction of £119,254.66. Insiders have bought 33,836 shares of company stock valued at $21,031,228 over the last 90 days. 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.

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