Aviva (OTCMKTS:AVVIY) Sees Unusually-High Trading Volume – Still a Buy?

Aviva PLC (OTCMKTS:AVVIY) saw unusually-high trading volume on Wednesday . Approximately 54,753 shares traded hands during mid-day trading, a decline of 11% from the previous session’s volume of 61,399 shares.The stock last traded at $18.17 and had previously closed at $18.04.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AVVIY. Zacks Research upgraded shares of Aviva from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Royal Bank Of Canada raised shares of Aviva to a “moderate buy” rating in a research note on Monday, October 13th. Wall Street Zen raised Aviva from a “hold” rating to a “buy” rating in a research note on Monday, December 22nd. Finally, Keefe, Bruyette & Woods downgraded shares of Aviva from a “hold” rating to a “moderate sell” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Aviva currently has a consensus rating of “Hold”.

Aviva Price Performance

The stock’s fifty day moving average is $18.12 and its 200 day moving average is $18.07.

Aviva Company Profile

Aviva plc (OTCMKTS:AVVIY) is a UK-based multinational insurance company headquartered in London that provides a broad range of life and general insurance products, retirement solutions and investment management services. The company operates a diversified insurance business that includes individual and group life protection, health and income protection, home and motor insurance, workplace benefits, pensions and savings products. Aviva also offers asset management services through its investment arm, which manages assets on behalf of its insurance businesses and third-party clients.

Aviva traces its identity to a series of mergers and the consolidation of longstanding insurers, and it uses the Aviva brand across its operating markets.