Citigroup Issues Pessimistic Forecast for Aviva (LON:AV) Stock Price

Aviva (LON:AV) had its price target dropped by stock analysts at Citigroup from GBX 687 to GBX 671 in a report released on Tuesday, Marketbeat.com reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 3.17% from the company’s previous close.

A number of other research analysts have also recently issued reports on AV. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a GBX 650 target price on shares of Aviva in a report on Friday, October 10th. UBS Group reaffirmed a “buy” rating and issued a GBX 750 price objective on shares of Aviva in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 735 price objective on shares of Aviva in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 699.

Aviva Stock Performance

Shares of AV opened at GBX 650.40 on Tuesday. The company has a 50-day simple moving average of GBX 668.24 and a 200-day simple moving average of GBX 644.10. The company has a quick ratio of 1.57, a current ratio of 2.93 and a debt-to-equity ratio of 68.87. The company has a market capitalization of £17.48 billion, a PE ratio of 13.40, a P/E/G ratio of 2.01 and a beta of 0.89. Aviva has a 52-week low of GBX 390.70 and a 52-week high of GBX 510.20.

Insider Activity at Aviva

In related news, insider Cheryl Agius acquired 7,284 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was purchased at an average price of GBX 683 per share, for a total transaction of £49,749.72. Also, insider Pippa Lambert bought 229 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average cost of GBX 642 per share, with a total value of £1,470.18. Insiders have purchased a total of 33,249 shares of company stock valued at $21,155,518 over the last quarter. Insiders own 0.17% of the company’s stock.

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.