Aviva’s (AV) Overweight Rating Reiterated at Morgan Stanley

Aviva (LON:AV – Get Rating)‘s stock had its “overweight” rating restated by analysts at Morgan Stanley in a report released on Wednesday, MarketBeat reports.

A number of other equities research analysts have also recently commented on the company. Barclays cut Aviva to an “equal weight” rating and increased their price target for the company from GBX 468 ($5.77) to GBX 480 ($5.92) in a research note on Monday, April 4th. JPMorgan Chase & Co. increased their price target on Aviva from GBX 510 ($6.29) to GBX 530 ($6.53) and gave the company an “overweight” rating in a research note on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 520 ($6.41) price target on shares of Aviva in a research note on Thursday, May 5th. Berenberg Bank restated a “buy” rating and issued a GBX 540 ($6.66) price objective on shares of Aviva in a research note on Thursday, March 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 480 ($5.92) price objective on shares of Aviva in a research note on Friday, April 1st. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 511.43 ($6.31).

Aviva stock opened at GBX 406 ($5.01) on Wednesday. The stock has a 50-day moving average of GBX 427.66 and a two-hundred day moving average of GBX 419.17. The company has a debt-to-equity ratio of 40.18, a quick ratio of 1.48 and a current ratio of 2.53. Aviva has a one year low of GBX 361.10 ($4.45) and a one year high of GBX 461 ($5.68). The stock has a market cap of £14.97 billion and a PE ratio of 8.17.

In related news, insider Amanda Blanc purchased 131,938 shares of Aviva stock in a transaction that occurred on Monday, March 7th. The stock was bought at an average cost of GBX 380 ($4.68) per share, for a total transaction of £501,364.40 ($618,128.96). Also, insider Belen Romana Garcia purchased 1,434 shares of Aviva stock in a transaction that occurred on Monday, March 28th. The shares were bought at an average price of GBX 452 ($5.57) per share, with a total value of £6,481.68 ($7,991.22).

About Aviva (Get Rating)

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.

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