Royal Bank Of Canada Reaffirms “Outperform” Rating for Aviva (LON:AV)

Aviva (LON:AV)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank Of Canada in a note issued to investors on Monday, Digital Look reports. They presently have a GBX 780 target price on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 6.88% from the stock’s previous close.

A number of other analysts have also weighed in on AV. Jefferies Financial Group reissued a “hold” rating and set a GBX 637 price objective on shares of Aviva in a research note on Friday, May 15th. Berenberg Bank raised their target price on Aviva from GBX 800 to GBX 820 and gave the stock a “buy” rating in a research note on Monday, August 17th. JPMorgan Chase & Co. upped their price target on Aviva from GBX 715 to GBX 800 and gave the company an “overweight” rating in a research report on Thursday, August 13th. UBS Group reiterated a “buy” rating and issued a GBX 750 price objective on shares of Aviva in a report on Monday, May 11th. Finally, Citigroup boosted their target price on Aviva from GBX 671 to GBX 721 and gave the company a “neutral” rating in a research note on Wednesday, August 26th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Aviva currently has an average rating of “Moderate Buy” and an average target price of GBX 739.75.

Aviva Price Performance

AV opened at GBX 729.80 on Monday. The stock’s 50 day simple moving average is GBX 693.40 and its 200 day simple moving average is GBX 651.95. Aviva has a 1 year low of GBX 390.70 and a 1 year high of GBX 510.20. The firm has a market cap of £19.61 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 2.01 and a beta of 0.62.

Insider Activity at Aviva

In other news, insider Pippa Lambert purchased 226 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The shares were bought at an average cost of GBX 662 per share, for a total transaction of £1,496.12. In the last three months, insiders purchased 501 shares of company stock valued at $347,603. Company 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.