Aviva (LON:AV) Trading 1% Higher – Should You Buy?

Aviva plc (LON:AV) traded up 1% during trading on Wednesday . The stock traded as high as GBX 700.80 and last traded at GBX 694. 6,763,101 shares were traded during trading, The stock had previously closed at GBX 687.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AV. Citigroup dropped their price target on Aviva from GBX 687 to GBX 671 and set a “neutral” rating for the company in a research report on Tuesday, November 25th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a GBX 650 price objective on shares of Aviva in a report on Friday, October 10th. JPMorgan Chase & Co. cut their price objective on Aviva from GBX 735 to GBX 725 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 750 price target on shares of Aviva in a report on Friday, November 7th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 699.

Aviva Price Performance

The firm has a market capitalization of £18.24 billion, a price-to-earnings ratio of 13.99, a PEG 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. The business has a 50-day moving average price of GBX 663.38 and a two-hundred day moving average price of GBX 656.79.

Aviva (LON:AV) last announced its quarterly earnings results on Monday, December 15th. The company reported GBX 21.70 EPS for the quarter. Aviva had a net margin of 3.52% and a return on equity of 14.82%. As a group, research analysts forecast that Aviva plc will post 46.4942529 EPS for the current year.

Insider Buying and Selling

In other Aviva news, insider Pippa Lambert bought 229 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was acquired at an average price of GBX 642 per share, with a total value of £1,470.18. Corporate insiders own 0.17% of the company’s stock.

About Aviva

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. It also provides insurance cover to individuals, small and medium-sized businesses for risks associated with motor vehicles and medical expenses, as well as property and liability, such as employers' and professional indemnity liabilities.