Aviva’s (AV) “Buy” Rating Reaffirmed at UBS Group

UBS Group restated their buy rating on shares of Aviva (LON:AV) in a report published on Friday morning, MarketBeat Ratings reports. UBS Group currently has a GBX 750 price objective on the stock.

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

Aviva Stock Performance

Shares of Aviva stock traded down GBX 1 during midday trading on Friday, hitting GBX 675.60. The company had a trading volume of 12,387,197 shares. The stock has a market cap of £18.15 billion, a price-to-earnings 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. The company has a fifty day simple moving average of GBX 668.61 and a 200 day simple moving average of GBX 634.71. Aviva has a 12-month low of GBX 390.70 and a 12-month high of GBX 510.20.

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

Insider Transactions at Aviva

In related news, insider Cheryl Agius bought 7,284 shares of the stock in a transaction on Tuesday, October 7th. The shares were bought at an average cost of GBX 683 per share, for a total transaction of £49,749.72. Also, insider Amanda Blanc acquired 19,142 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was purchased at an average cost of GBX 623 per share, with a total value of £119,254.66. In the last three months, insiders have purchased 33,020 shares of company stock worth $21,008,500. 0.17% of the stock is owned by insiders.

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.