Macquarie Reiterates Neutral Rating for Aviva plc (AV)
Aviva plc (LON:AV)‘s stock had its “neutral” rating reiterated by investment analysts at Macquarie in a research note issued on Wednesday. They currently have a GBX 427 ($5.29) target price on the stock. Macquarie’s price target indicates a potential downside of 6.87% from the company’s previous close.
A number of other research firms have also recently issued reports on AV. Jefferies Group raised their target price on Aviva plc from GBX 450 ($5.57) to GBX 501 ($6.21) and gave the company a “buy” rating in a research note on Thursday, September 22nd. BNP Paribas reissued an “underperform” rating and set a GBX 400 ($4.95) price target on shares of Aviva plc in a report on Thursday, September 22nd. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 506 ($6.27) price target on shares of Aviva plc in a report on Tuesday, September 13th. Barclays PLC reissued an “equal weight” rating and set a GBX 421 ($5.21) price target on shares of Aviva plc in a report on Friday, September 16th. Finally, HSBC raised their price target on Aviva plc from GBX 435 ($5.39) to GBX 465 ($5.76) and gave the company a “hold” rating in a report on Wednesday, September 14th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 516.79 ($6.40).
Shares of Aviva plc (LON:AV) opened at 457.60 on Wednesday. The company has a 50 day moving average of GBX 442.90 and a 200 day moving average of GBX 423.04. The stock’s market capitalization is GBX 18.54 billion. Aviva plc has a 52-week low of GBX 290.00 and a 52-week high of GBX 522.50.
In other news, insider Mire,Michael purchased 35,000 shares of Aviva plc stock in a transaction dated Wednesday, August 31st. The stock was acquired at an average cost of GBX 432 ($5.35) per share, for a total transaction of £151,200 ($187,290.97). Also, insider Stoddard,Tom purchased 51,527 shares of Aviva plc stock in a transaction dated Tuesday, August 30th. The shares were purchased at an average price of GBX 509 ($6.30) per share, with a total value of £262,272.43 ($324,876.04).
Aviva plc Company Profile
Aviva plc is the holding company of the Aviva Group. The Company provides customers with long-term insurance and savings, general and health insurance, and fund management products and services. The Company’s segments include UK & Ireland; France; Poland; Italy, Spain and Other; Canada; Asia, and Aviva Investors.
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