JPMorgan Chase & Co. Cuts Aviva (LON:AV) Price Target to GBX 715

Aviva (LON:AV) had its target price cut by stock analysts at JPMorgan Chase & Co. from GBX 725 to GBX 715 in a research note issued to investors on Friday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 14.14% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 637 price target on shares of Aviva in a research note on Friday, May 15th. Berenberg Bank reissued a “buy” rating and set a GBX 800 target price on shares of Aviva in a report on Thursday. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 770 target price on shares of Aviva in a report on Monday, May 18th. Finally, UBS Group reissued a “buy” rating and set a GBX 750 target price on shares of Aviva in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 719.13.

Aviva Stock Performance

LON:AV opened at GBX 626.40 on Friday. The company has a market capitalization of £16.83 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 2.01 and a beta of 0.63. Aviva has a one year low of GBX 390.70 and a one year high of GBX 510.20. The stock has a 50-day simple moving average of GBX 624.53 and a 200 day simple moving average of GBX 644.43.

Aviva (LON:AV) last posted its quarterly earnings results on Thursday, March 5th. The company reported GBX 26.90 EPS for the quarter. Aviva had a return on equity of 10.20% and a net margin of 1.82%. On average, equities research analysts forecast that Aviva will post 46.4942529 EPS for the current fiscal year.

Insider Buying and Selling at Aviva

In related news, insider Charlotte Jones sold 222,480 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of GBX 610, for a total value of £1,357,128. Also, insider Pippa Lambert acquired 242 shares of Aviva stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of GBX 616 per share, with a total value of £1,490.72. Over the last 90 days, insiders have bought 17,814 shares of company stock worth $11,068,347. 0.17% of the stock is owned by company 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. It also provides insurance cover to individuals, small and medium-sized businesses for risks associated with motor vehicles and medical expenses, as well as property and liability, such as employers' and professional indemnity liabilities.