Jefferies Group LLC Reiterates Buy Rating for Aviva plc (AV)
Aviva plc (LON:AV)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group LLC in a research note issued to investors on Friday. They presently have a GBX 606 ($7.83) price target on the stock. Jefferies Group LLC’s price target would indicate a potential upside of 19.76% from the company’s previous close.
Several other brokerages also recently issued reports on AV. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 589 ($7.61) target price on shares of Aviva plc in a research note on Thursday, May 11th. Macquarie raised Aviva plc to an “outperform” rating and set a GBX 598 ($7.72) target price on the stock in a research note on Tuesday, August 1st. Panmure Gordon reissued a “buy” rating and set a GBX 635 ($8.20) target price on shares of Aviva plc in a research note on Thursday, August 3rd. Shore Capital reissued a “hold” rating on shares of Aviva plc in a research note on Thursday, August 3rd. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 502 ($6.48) target price (up previously from GBX 493 ($6.37)) on shares of Aviva plc in a research note on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 558.13 ($7.21).
Shares of Aviva plc (AV) traded up 0.20% on Friday, hitting GBX 506.00. The stock had a trading volume of 6,705,287 shares. Aviva plc has a 52 week low of GBX 411.30 and a 52 week high of GBX 570.50. The stock’s market capitalization is GBX 20.50 billion. The firm has a 50-day moving average price of GBX 524.93 and a 200-day moving average price of GBX 526.08.
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In other news, insider Tom Stoddard sold 53,325 shares of Aviva plc stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of GBX 536 ($6.92), for a total value of £285,822 ($369,135.99). In the last quarter, insiders bought 84 shares of company stock valued at $44,520.
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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