Barclays equities research analysts increased their price target for Aviva (LON: AV) from GBX 553 ($6.68) to GBX 555 ($6.71) in a research note that was distributed to clients and investors on Tuesday. A rating of “equal weight” has been applied to the stock by the corporation. The price objective that Barclays offered indicates that the share price has the potential to increase by 31.99% compared to its most recent closing price. There have also been comments regarding the company made by many other analysts. In a research report that was published on August 12, JPMorgan Chase & Co. upgraded Aviva stock to “overweight” status and raised their price objective on the company from GBX 500 ($6.04) to GBX 530 ($6.40). In a research note distributed on August 11, Berenberg Bank reiterated its “buy” recommendation for the underlying security. Additionally, the financial institution set a price target for Aviva shares of GBX 540 ($6.52) per share.
Royal Bank of Canada maintained its “outperform” rating on shares of Aviva in a research report published on Friday, May 27. The bank also set a price objective of GBX 450 ($5.44) for the company’s stock at the time of the report’s publication. Morgan Stanley confirmed its “overweight” rating that it had previously assigned to Aviva shares in a research report that was made public on May 11 and was published online. In a research note released on Thursday, August 11, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aviva. The brokerage firm also established a GBX 490 ($5.92) price target on the company’s common stock. Six analysts think investors should buy the stock, while only two believe investors should hold onto it. At this time, the general opinion regarding Aviva is that the stock is worth “Moderate Buying,” and the average price objective that analysts have set for the business is GBX 509.38 ($6.15). According to the figures provided by Bloomberg, the company currently holds this rating.
Tuesday was the first day of trading for AV stock, and it began at an opening price of GBX 420.50 ($5.08). The debt-to-equity ratio is calculated to be 47.99, the quick ratio is estimated to be 1.57, and the current ratio is calculated to be 2.82. The company has a market value of 11.79 billion British pounds and a price-to-earnings balance of 4,205. In addition, the company has a market capitalization of British pounds. The all-time low for Aviva over the last year was 341.92, which is comparable to $4.13, and the all-time high for Aviva for the past year was 606.58, which is equivalent to $7.33. The moving average of the stock price over the past 200 days is GBX 420.36, while the moving average over the past 50 days is GBX 411.93. On Tuesday, June 28, Pippa Lambert, an insider at Aviva, purchased 1,278 shares of the company’s stock.
Another piece of information regarding Aviva was presented here. A total payment of £5,380.38 ($6,501.18) was made to acquire the shares, equivalent to an average of GBX 421 ($5.09) per share. In other Aviva-related news, on August 22, Andrea Balance purchased 15,000 shares of the company’s stock. Andrea Balance is an insider. The stock was purchased for a total cost of £64,800, equivalent to $78.298.70 or a price of $5.22 per share, making the average acquisition cost $5.22. In addition, Pippa Lambert, an employee of the company, made a purchase of 1,278 shares of the company’s stock during the trading session that took place on June 28.
Aviva plc assists with insurance, retirement planning, investment management, and savings alternatives worldwide, including in the United Kingdom, Ireland, and Canada. That includes countries such as Canada, Ireland, and the United Kingdom. Customers can choose from a variety of insurance policies offered by the company, such as life insurance, long-term health and accident insurance, savings, pension, annuity products, pension fund business, and mortgage products that last a person’s whole life.
