Deutsche Bank AG Reaffirms Buy Rating for Aviva plc (AV)
Aviva plc (LON:AV)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank AG in a report issued on Friday.
A number of other brokerages have also recently issued reports on AV. HSBC Holdings plc upped their price objective on shares of Aviva plc from GBX 500 ($6.46) to GBX 550 ($7.10) and gave the stock a “hold” rating in a report on Monday, May 15th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 525 ($6.78) price objective on shares of Aviva plc in a report on Monday, May 15th. Societe Generale decreased their price objective on shares of Aviva plc from GBX 525 ($6.78) to GBX 520 ($6.72) and set a “hold” rating for the company in a report on Tuesday, August 8th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Aviva plc in a report on Monday, May 22nd. Finally, Morgan Stanley upped their price objective on shares of Aviva plc from GBX 601 ($7.76) to GBX 627 ($8.10) and gave the stock an “overweight” rating in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. Aviva plc presently has a consensus rating of “Hold” and a consensus target price of GBX 558.13 ($7.21).
Aviva plc (AV) traded up 0.20% on Friday, reaching GBX 506.00. The company’s stock had a trading volume of 6,705,287 shares. The company’s market capitalization is GBX 20.50 billion. The stock has a 50 day moving average price of GBX 524.93 and a 200-day moving average price of GBX 526.08. Aviva plc has a 1-year low of GBX 411.30 and a 1-year high of GBX 570.50.
In other news, insider Tom Stoddard sold 53,325 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of GBX 536 ($6.92), for a total transaction of £285,822 ($369,135.99). Insiders have bought 84 shares of company stock valued at $44,520 in the last ninety days.
About Aviva plc
Aviva plc is a holding company. The Company provides customers with long-term insurance and savings, general and health insurance, and fund management products and services. Its segments include United Kingdom & Ireland; France; Poland; Italy, Spain and Other; Canada; Asia; Aviva Investors, and Other Group activities.
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