Aviva plc (AV) Receives Consensus Rating of “Buy” from Analysts

Aviva plc (LON:AV) has been assigned a consensus recommendation of “Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 516.30 ($6.75).

A number of equities research analysts have recently issued reports on the stock. Shore Capital reissued an “under review” rating on shares of Aviva in a research report on Monday, March 4th. Jefferies Financial Group reduced their target price on shares of Aviva from GBX 604 ($7.89) to GBX 500 ($6.53) and set a “buy” rating for the company in a research report on Monday, February 11th. JPMorgan Chase & Co. reduced their target price on shares of Aviva from GBX 493 ($6.44) to GBX 479 ($6.26) and set an “overweight” rating for the company in a research report on Tuesday, March 12th. Royal Bank of Canada reissued a “top pick” rating on shares of Aviva in a research report on Wednesday, March 13th. Finally, BNP Paribas reduced their target price on shares of Aviva from GBX 470 ($6.14) to GBX 465 ($6.08) and set a “neutral” rating for the company in a research report on Thursday, January 24th.

Shares of Aviva stock traded up GBX 5.30 ($0.07) during trading on Friday, reaching GBX 412.40 ($5.39). The company’s stock had a trading volume of 8,490,149 shares, compared to its average volume of 10,250,000. The stock has a market cap of $16.10 billion and a PE ratio of 10.91. Aviva has a 52 week low of GBX 361.80 ($4.73) and a 52 week high of GBX 554.60 ($7.25). The company has a debt-to-equity ratio of 51.04, a quick ratio of 2.06 and a current ratio of 2.94.

The business also recently declared a dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, April 11th will be paid a GBX 20.75 ($0.27) dividend. This represents a yield of 4.78%. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from Aviva’s previous dividend of $9.25. Aviva’s payout ratio is 0.79%.

In related news, insider Tom Stoddard sold 153,625 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of GBX 412 ($5.38), for a total value of £632,935 ($827,041.68). Also, insider Belen Romana Garcia purchased 1,009 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was bought at an average cost of GBX 414 ($5.41) per share, with a total value of £4,177.26 ($5,458.33). In the last ninety days, insiders purchased 1,137 shares of company stock valued at $470,909.

About Aviva

Aviva plc provides various insurance and savings products primarily in the United Kingdom, rest of Europe, Canada, and Asia. The company offers life insurance, long term health and accident insurance, pension, and annuity products; and lifetime mortgage products. It also provides insurance cover to individuals, and small and medium-sized businesses for risks associated primarily with motor vehicles, property, and medical expenses, as well as liabilities, such as employers' and professional indemnity liabilities.

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Analyst Recommendations for Aviva (LON:AV)

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