Aviva (LON:AV) Shares Up 0.2% - What's Next?

Key Points

• Aviva plc shares rose 0.2%, trading at GBX 646 ($8.63) with a market capitalization of £17.57 billion.
• Analysts have varying ratings for Aviva, with most recommending a buy, while JPMorgan raised their price target from GBX 695 to GBX 735.
• Insider Ian Clark purchased 8,100 shares at GBX 617 ($8.24) on July 9, indicating strong internal confidence in the company's performance.

Aviva plc (LON:AV - Get Free Report) shares shot up 0.2% on Wednesday . The stock traded as high as GBX 649.60 ($8.74) and last traded at GBX 646 ($8.69). 3,287,013 shares changed hands during mid-day trading, The stock had previously closed at GBX 644.40 ($8.67).

Analyst Upgrades and Downgrades

Several research firms have weighed in on AV. JPMorgan Chase & Co. upped their price objective on shares of Aviva from GBX 695 ($9.35) to GBX 735 ($9.89) and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Citigroup began coverage on shares of Aviva in a research report on Tuesday, July 15th. They set a "neutral" rating and a GBX 623 ($8.38) target price for the company. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Aviva presently has an average rating of "Buy" and an average target price of GBX 636 ($8.55).

Aviva Stock Down 0.5%

The stock has a market capitalization of £17.48 billion, a P/E ratio of 13.41, a price-to-earnings-growth 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. The stock has a fifty day moving average price of GBX 624.47 and a 200 day moving average price of GBX 569.72.

Insider Buying and Selling at Aviva

In related news, insider Ian Clark bought 8,100 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was bought at an average cost of GBX 617 ($8.30) per share, for a total transaction of £49,977 ($67,218.56). 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.