UBS Group Reaffirms Buy Rating for Aviva (LON:AV)

Aviva (LON:AV)‘s stock had its “buy” rating reaffirmed by investment analysts at UBS Group in a research note issued on Friday, MarketBeat Ratings reports. They presently have a GBX 750 price objective on the stock. UBS Group’s target price would suggest a potential upside of 11.01% from the company’s current price.

Other analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a GBX 650 price objective on shares of Aviva in a research note on Friday, October 10th. Citigroup increased their price target on Aviva from GBX 623 to GBX 687 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. raised their price target on Aviva from GBX 695 to GBX 735 and gave the company an “overweight” rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 705.50.

Aviva Stock Down 0.1%

AV stock opened at GBX 675.60 on Friday. The business’s 50-day moving average price is GBX 668.61 and its 200-day moving average price is GBX 635.46. The stock has a market cap of £18.15 billion, a P/E ratio of 13.92, a PEG ratio of 2.01 and a beta of 0.89. The company has a quick ratio of 1.57, a current ratio of 2.93 and a debt-to-equity ratio of 68.87. Aviva has a twelve month low of GBX 390.70 and a twelve month high of GBX 510.20.

Aviva (LON:AV) last released its earnings results on Thursday, August 14th. The company reported GBX 21.70 earnings per share (EPS) for the quarter. Aviva had a net margin of 3.52% and a return on equity of 14.82%. On average, equities research analysts forecast that Aviva will post 46.4942529 EPS for the current year.

Insider Activity at Aviva

In other Aviva news, insider Amanda Blanc purchased 19,142 shares of Aviva stock in a transaction that occurred on Wednesday, September 3rd. The shares were bought at an average price of GBX 623 per share, for a total transaction of £119,254.66. Also, insider Cheryl Agius purchased 7,284 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were acquired at an average cost of GBX 683 per share, for a total transaction of £49,749.72. Insiders have bought a total of 33,020 shares of company stock worth $21,008,500 over the last ninety days. 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.