Aviva plc (AV) Price Target Lowered to GBX 590 at Credit Suisse Group
Aviva plc (LON:AV) had its price objective decreased by Credit Suisse Group from GBX 640 ($8.45) to GBX 590 ($7.79) in a report issued on Thursday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s price target suggests a potential upside of 16.83% from the stock’s current price.
AV has been the subject of a number of other reports. J P Morgan Chase & Co decreased their price target on Aviva plc from GBX 624 ($8.23) to GBX 617 ($8.14) and set an “overweight” rating for the company in a report on Monday, October 23rd. Societe Generale decreased their price target on Aviva plc from GBX 525 ($6.93) to GBX 520 ($6.86) and set a “hold” rating for the company in a report on Tuesday, August 8th. Macquarie lifted their price target on Aviva plc from GBX 598 ($7.89) to GBX 608 ($8.02) and gave the stock an “outperform” rating in a report on Tuesday, August 8th. HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 550 ($7.26) price target on shares of Aviva plc in a report on Monday, September 4th. Finally, Barclays PLC raised Aviva plc to an “overweight” rating and lifted their price target for the stock from GBX 509 ($6.72) to GBX 567 ($7.48) in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 569.07 ($7.51).
In other Aviva plc news, insider Patricia Cross bought 2,609 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were bought at an average price of GBX 498 ($6.57) per share, for a total transaction of £12,992.82 ($17,145.45). Also, insider Glyn Barker bought 11,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were acquired at an average price of GBX 505 ($6.66) per share, for a total transaction of £55,550 ($73,304.30). Insiders purchased a total of 13,696 shares of company stock worth $6,898,713 in the last 90 days.
Aviva plc Company Profile
Aviva plc is a holding company. The Company provides customers with long-term insurance and savings, general and health insurance, and fund management products and services. Its segments include United Kingdom & Ireland; France; Poland; Italy, Spain and Other; Canada; Asia; Aviva Investors, and Other Group activities.
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