Aviva (LON:AV) Trading Up 1% – What’s Next?

Aviva plc (LON:AV) shares were up 1% on Wednesday . The company traded as high as GBX 662.80 and last traded at GBX 661.80. 3,977,219 shares were traded during mid-day trading, The stock had previously closed at GBX 655.20.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AV. JPMorgan Chase & Co. lowered their target price on shares of Aviva from GBX 725 to GBX 715 and set a “neutral” rating for the company in a report on Friday, May 29th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 800 price objective on shares of Aviva in a research report on Friday, June 12th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 770 target price on shares of Aviva in a report on Monday, May 18th. Jefferies Financial Group restated a “hold” rating and set a GBX 637 price target on shares of Aviva in a report on Friday, May 15th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 750 price target on shares of Aviva in a research report on Monday, May 11th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Aviva currently has an average rating of “Hold” and an average price target of GBX 719.12.

Aviva Price Performance

The company has a debt-to-equity ratio of 85.66, a current ratio of 0.26 and a quick ratio of 1.57. The business’s 50 day moving average price is GBX 633.38 and its 200 day moving average price is GBX 640.09. The stock has a market capitalization of £17.65 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 2.01 and a beta of 0.62.

Insider Activity at Aviva

In other news, insider Amanda Blanc bought 10,258 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were bought at an average price of GBX 621 per share, for a total transaction of £63,702.18. Also, insider Pippa Lambert acquired 242 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of GBX 616 per share, for a total transaction of £1,490.72. Insiders acquired 17,358 shares of company stock worth $10,778,108 over the last quarter. Insiders own 0.17% of the company’s stock.

Aviva Company Profile

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.