Aviva plc (AV) PT Lowered to GBX 590
Aviva plc (LON:AV) had its price target decreased by Credit Suisse Group from GBX 640 ($8.45) to GBX 590 ($7.79) in a note issued to investors on Thursday. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s target price indicates a potential upside of 16.83% from the stock’s current price.
AV has been the topic of several other research reports. J P Morgan Chase & Co dropped their price target on Aviva plc from GBX 624 ($8.23) to GBX 617 ($8.14) and set an “overweight” rating on the stock in a research report on Monday, October 23rd. Societe Generale dropped their price target on Aviva plc from GBX 525 ($6.93) to GBX 520 ($6.86) and set a “hold” rating on the stock in a research report on Tuesday, August 8th. Macquarie boosted their price target on Aviva plc from GBX 598 ($7.89) to GBX 608 ($8.02) and gave the company an “outperform” rating in a research report on Tuesday, August 8th. HSBC Holdings plc restated a “hold” rating and issued a GBX 550 ($7.26) price target on shares of Aviva plc in a research report on Monday, September 4th. Finally, Barclays PLC upgraded Aviva plc to an “overweight” rating and boosted their price target for the company from GBX 509 ($6.72) to GBX 567 ($7.48) in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 569.07 ($7.51).
In related news, insider Patricia Cross acquired 2,609 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was purchased at an average cost of GBX 498 ($6.57) per share, for a total transaction of £12,992.82 ($17,145.45). Also, insider Glyn Barker acquired 11,000 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were bought at an average price of GBX 505 ($6.66) per share, with a total value of £55,550 ($73,304.30). Insiders have purchased a total of 13,696 shares of company stock valued at $6,898,713 over the last 90 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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