Keefe, Bruyette & Woods Reaffirms Underperform Rating for Aviva (LON:AV)

Key Points

• Keefe, Bruyette & Woods has reaffirmed its underperform rating for Aviva, with a price target of GBX 650, suggesting a potential downside of 4.58% from the stock's previous close.
• Other brokerages such as Citigroup and JPMorgan have issued more favorable ratings, with Citigroup setting a price target of GBX 687 and JPMorgan raising theirs to GBX 735, reflecting a mixed outlook on the stock.
• Insider transactions reveal that Amanda Blanc and Cheryl Agius purchased shares at prices around GBX 623 and GBX 683, respectively, indicating insider confidence in the company's future.

Aviva (LON:AV - Get Free Report)'s stock had its "underperform" rating restated by investment analysts at Keefe, Bruyette & Woods in a research report issued on Friday,Digital Look reports. They currently have a GBX 650 price target on the stock. Keefe, Bruyette & Woods' price target points to a potential downside of 4.58% from the company's previous close.

Several other brokerages also recently issued reports on AV. Citigroup raised their price objective on shares of Aviva from GBX 623 to GBX 687 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. increased their price objective on Aviva from GBX 695 to GBX 735 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Aviva currently has an average rating of "Moderate Buy" and an average price target of GBX 690.67.

Aviva Stock Performance

Shares of Aviva stock traded down GBX 5.40 on Friday, hitting GBX 681.20. The stock had a trading volume of 9,640,862 shares. The stock has a market cap of £18.30 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 2.01 and a beta of 0.89. The company has a current ratio of 2.93, a quick ratio of 1.57 and a debt-to-equity ratio of 68.87. Aviva has a 52-week low of GBX 390.70 and a 52-week high of GBX 510.20. The company's 50 day moving average price is GBX 664.73 and its 200 day moving average price is GBX 613.81.

Aviva (LON:AV - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported GBX 21.70 EPS for the quarter. Aviva had a return on equity of 14.82% and a net margin of 3.52%. On average, research analysts anticipate that Aviva will post 46.4942529 EPS for the current year.

Insider Transactions at Aviva

In other news, insider Amanda Blanc purchased 19,142 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were acquired at an average price of GBX 623 per share, for a total transaction of £119,254.66. Also, insider Cheryl Agius bought 7,284 shares of the firm's stock in a transaction on Tuesday, October 7th. The shares were purchased at an average price of GBX 683 per share, for a total transaction of £49,749.72. Over the last ninety days, insiders acquired 33,020 shares of company stock valued at $21,008,500. 0.17% of the stock is currently 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.

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