Aviva (OTCMKTS:AVVIY) Sets New 1-Year High – Here’s Why

Aviva PLC (OTCMKTS:AVVIY) shares reached a new 52-week high during trading on Friday . The stock traded as high as $19.62 and last traded at $19.58, with a volume of 901 shares trading hands. The stock had previously closed at $19.02.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Berenberg Bank upgraded Aviva to a “strong-buy” rating in a report on Thursday, May 28th. Jefferies Financial Group downgraded Aviva from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Sanford C. Bernstein lowered Aviva to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Aviva has an average rating of “Moderate Buy”.

Aviva Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.50 and a current ratio of 1.50. The firm’s 50 day moving average price is $17.82 and its two-hundred day moving average price is $17.36.

Aviva Company Profile

Aviva plc (OTCMKTS:AVVIY) is a UK-based multinational insurance company headquartered in London that provides a broad range of life and general insurance products, retirement solutions and investment management services. The company operates a diversified insurance business that includes individual and group life protection, health and income protection, home and motor insurance, workplace benefits, pensions and savings products. Aviva also offers asset management services through its investment arm, which manages assets on behalf of its insurance businesses and third-party clients.

Aviva traces its identity to a series of mergers and the consolidation of longstanding insurers, and it uses the Aviva brand across its operating markets.