Aviva (LON:AV) Price Target Raised to GBX 800

Aviva (LON:AV) had its price objective upped by JPMorgan Chase & Co. from GBX 715 to GBX 800 in a report published on Thursday,Digital Look reports. The brokerage currently has an overweight rating on the stock.

Several other research firms also recently commented on AV. UBS Group restated a “buy” rating and set a GBX 750 price objective on shares of Aviva in a report on Monday, May 11th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 637 target price on shares of Aviva in a report on Friday, May 15th. Berenberg Bank reissued a “buy” rating and issued a GBX 800 price target on shares of Aviva in a research report on Friday, June 12th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 780 price target on shares of Aviva in a research note on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 731.

Aviva Stock Up 1.8%

Shares of LON:AV opened at GBX 726.60 on Thursday. The business’s 50 day simple moving average is GBX 664.13 and its two-hundred day simple moving average is GBX 642.15. The firm has a market cap of £19.52 billion, a P/E ratio of 14.98, a PEG ratio of 2.01 and a beta of 0.62. The company has a debt-to-equity ratio of 85.66, a quick ratio of 1.57 and a current ratio of 0.26. Aviva has a 52-week low of GBX 390.70 and a 52-week high of GBX 510.20.

Insider Transactions at Aviva

In related news, insider Pippa Lambert bought 226 shares of the company’s stock in a transaction dated Wednesday, July 15th. The shares were bought at an average price of GBX 662 per share, for a total transaction of £1,496.12. Company insiders own 0.17% of the company’s stock.

Key Headlines Impacting Aviva

Here are the key news stories impacting Aviva this week:

• Positive Sentiment: Profit growth and acquisition benefits: Aviva reported a 24% increase in profits, with the Direct Line turnaround and stronger general insurance performance helping results beat expectations. Aviva profits jump following Direct Line acquisition
• Positive Sentiment: Direct Line integration is supporting growth: Coverage highlighted improving performance from Direct Line following its acquisition by Aviva, reinforcing the investment case for the transaction and potentially easing concerns over the deal’s execution. Aviva earnings jump amid Direct Line turnaround
• Positive Sentiment: Diversified operating momentum: Beyond Direct Line, wealth management and general insurance were identified as important contributors to the earnings beat, suggesting growth is not dependent on a single business line. Aviva beats profit expectations as Direct Line and wealth management drive growth
• Positive Sentiment: Broker confidence: JPMorgan raised its price target from 715p to 800p and maintained an “overweight” rating, signaling increased confidence in Aviva’s earnings outlook and valuation. Digital Look broker views
• Neutral Sentiment: Catastrophe exposure remains a watchpoint: Aviva’s chief executive said the company’s profit target remains secure despite fires in the UK and Canada. The reassurance is supportive, although further severe events could increase claims costs. Aviva CEO Says Profit Target Is Safe Despite Fires in UK, Canada

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.