Aviva (AV) Earns “Outperform” Rating from Royal Bank of Canada

Aviva (LON:AV)‘s stock had its “outperform” rating restated by Royal Bank of Canada in a research report issued to clients and investors on Wednesday, January 17th. They currently have a GBX 540 ($7.57) target price on the stock. Royal Bank of Canada’s target price points to a potential upside of 11.00% from the company’s current price.

A number of other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Aviva from GBX 624 ($8.75) to GBX 617 ($8.65) and set an “overweight” rating on the stock in a research report on Monday, October 23rd. Morgan Stanley reiterated an “overweight” rating and set a GBX 627 ($8.79) price target (down from GBX 670 ($9.39)) on shares of Aviva in a report on Friday, November 3rd. Barclays upgraded Aviva to an “overweight” rating and increased their price target for the stock from GBX 509 ($7.14) to GBX 567 ($7.95) in a report on Friday, October 27th. Jefferies Group reiterated a “buy” rating and set a GBX 606 ($8.50) price target on shares of Aviva in a report on Friday, December 8th. Finally, Citigroup reiterated a “buy” rating on shares of Aviva in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 570.53 ($8.00).

Shares of Aviva (AV) traded down GBX 6.90 ($0.10) during trading on Wednesday, hitting GBX 486.50 ($6.82). The company had a trading volume of 12,453,979 shares, compared to its average volume of 8,920,000. Aviva has a twelve month low of GBX 482.20 ($6.76) and a twelve month high of GBX 570.50 ($8.00). The firm has a market capitalization of $19,520.00 and a PE ratio of 1,801.85.

In other Aviva news, insider Keith Williams purchased 10,000 shares of the stock in a transaction on Wednesday, December 20th. The stock was acquired at an average cost of GBX 503 ($7.05) per share, with a total value of £50,300 ($70,527.20). Also, insider Patricia Cross purchased 2,731 shares of the stock in a transaction on Friday, December 22nd. The stock was acquired at an average cost of GBX 507 ($7.11) per share, with a total value of £13,846.17 ($19,414.15). Insiders purchased a total of 12,820 shares of company stock worth $6,460,060 in the last ninety days.

COPYRIGHT VIOLATION WARNING: “Aviva (AV) Earns “Outperform” Rating from Royal Bank of Canada” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://stocknewstimes.com/2018/02/11/avivas-av-outperform-rating-reiterated-at-royal-bank-of-canada.html.

Aviva 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.

Analyst Recommendations for Aviva (LON:AV)

Receive News & Ratings for Aviva Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aviva and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply