Canaccord Genuity Lowers Aviva plc Price Target to GBX 550 (AV)
Investment analysts at Canaccord Genuity dropped their target price on shares of Aviva plc (LON:AV) from GBX 570 ($9.60) to GBX 550 ($9.26) in a note issued to investors on Friday, AR Network reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 7.11% from the stock’s previous close.
Shares of Aviva plc (LON:AV) opened at 507.50 on Friday. Aviva plc has a 52-week low of GBX 319.551 and a 52-week high of GBX 534.00. The stock has a 50-day moving average of GBX 507.0 and a 200-day moving average of GBX 468.0. The company’s market cap is £14.910 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated a “sector performer” rating on shares of Aviva plc in a research note on Friday. They now have a GBX 495 ($8.34) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Aviva plc in a research note on Friday. They now have a GBX 570 ($9.60) price target on the stock. Finally, analysts at Barclays reiterated an “underweight” rating on shares of Aviva plc in a research note on Friday. They now have a GBX 412 ($6.94) price target on the stock. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 507.53 ($8.55).
Aviva plc (LON:AV) is an insurance group.
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