Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for Aviva (LON:AV)

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Aviva (LON:AV – Get Rating) in a research report released on Thursday morning, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has a GBX 520 ($6.41) target price on the stock.

A number of other equities analysts have also weighed in on AV. Morgan Stanley reiterated an overweight rating on shares of Aviva in a research report on Wednesday, May 11th. Berenberg Bank reiterated a buy rating and set a GBX 540 ($6.66) target price on shares of Aviva in a research report on Thursday, March 3rd. JPMorgan Chase & Co. cut their target price on shares of Aviva from GBX 530 ($6.53) to GBX 520 ($6.41) and set an overweight rating for the company in a research report on Tuesday, May 17th. Royal Bank of Canada restated an outperform rating and issued a GBX 480 ($5.92) price objective on shares of Aviva in a research report on Friday, April 1st. Finally, Barclays raised their price objective on shares of Aviva from GBX 480 ($5.92) to GBX 620 ($7.64) and gave the company an equal weight rating in a research report on Tuesday, May 17th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Buy and an average target price of GBX 530 ($6.53).

Shares of AV stock opened at GBX 412.10 ($5.08) on Thursday. The firm has a 50-day moving average of GBX 428.58 and a 200-day moving average of GBX 419.56. The company has a market cap of £15.20 billion and a P/E ratio of 8.29. The company has a debt-to-equity ratio of 40.18, a current ratio of 2.53 and a quick ratio of 1.48. Aviva has a one year low of GBX 361.10 ($4.45) and a one year high of GBX 538.42 ($6.64).

The firm also recently declared a dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be paid a dividend of GBX 100 ($1.23) per share. The ex-dividend date is Monday, May 16th. This is an increase from Aviva’s previous dividend of $14.70. This represents a dividend yield of 23.93%. Aviva’s dividend payout ratio (DPR) is 58.35%.

In other news, insider Belen Romana Garcia bought 1,434 shares of the firm’s stock in a transaction that occurred on Monday, March 28th. The shares were bought at an average cost of GBX 452 ($5.57) per share, with a total value of £6,481.68 ($7,990.24). Also, insider Amanda Blanc bought 131,938 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The stock was purchased at an average cost of GBX 380 ($4.68) per share, for a total transaction of £501,364.40 ($618,052.76).

Aviva Company Profile (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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