Citigroup Begins Coverage on Aviva (LON:AV)

Analysts at Citigroup initiated coverage on shares of Aviva (LON:AV) in a research note issued on Tuesday, MarketBeat reports. The firm set a “neutral” rating and a GBX 623 ($8.36) price target on the stock. Citigroup’s target price would suggest a potential downside of 1.30% from the company’s previous close.

Aviva Trading Up 0.3%

Shares of LON AV opened at GBX 633.40 ($8.50) on Tuesday. Aviva has a 52 week low of GBX 390.70 ($5.24) and a 52 week high of GBX 510.20 ($6.85). The business has a 50 day simple moving average of GBX 609.34 and a 200 day simple moving average of GBX 550.64. The stock has a market cap of £17.02 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 2.01 and a beta of 0.89. The company has a debt-to-equity ratio of 68.87, a quick ratio of 1.57 and a current ratio of 2.93.

Insider Activity at Aviva

In related news, insider Ian Clark bought 8,100 shares of the company’s stock in a transaction that occurred on Wednesday, July 9th. The shares were purchased at an average cost of GBX 617 ($8.28) per share, with a total value of £49,977 ($67,065.22). Corporate insiders own 0.17% of the company’s stock.

About Aviva

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.