Aviva (LON:AV) Price Target Increased to GBX 480 by Analysts at Berenberg Bank

Aviva (LON:AV) had its price target raised by investment analysts at Berenberg Bank from GBX 478 ($6.25) to GBX 480 ($6.27) in a research report issued on Monday, Price Targets.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 26.92% from the company’s current price.

AV has been the subject of a number of other research reports. Barclays reissued an “overweight” rating and set a GBX 469 ($6.13) target price on shares of Aviva in a research note on Tuesday, November 23rd. Shore Capital restated an “under review” rating on shares of Aviva in a report on Thursday, November 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 500 ($6.53) price target on shares of Aviva in a report on Friday, November 12th. Finally, Citigroup restated a “buy” rating and issued a GBX 500 ($6.53) price target on shares of Aviva in a report on Friday, November 5th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 459.50 ($6.00).

Shares of LON AV opened at GBX 378.20 ($4.94) on Monday. Aviva has a twelve month low of GBX 247.40 ($3.23) and a twelve month high of GBX 429.60 ($5.61). The firm has a fifty day simple moving average of GBX 398.30 and a 200 day simple moving average of GBX 403.66. The company has a market capitalization of £14.41 billion and a PE ratio of 8.69. The company has a quick ratio of 0.15, a current ratio of 1.16 and a debt-to-equity ratio of 40.06.

In other Aviva news, insider Martin Strobel acquired 40,000 shares of Aviva stock in a transaction dated Wednesday, November 24th. The stock was purchased at an average cost of GBX 394 ($5.15) per share, for a total transaction of £157,600 ($205,905.41). Also, insider Pippa Lambert purchased 889 shares of the company’s stock in a transaction that occurred on Monday, September 27th. The shares were purchased at an average cost of GBX 407 ($5.32) per share, for a total transaction of £3,618.23 ($4,727.24).

About Aviva

Aviva plc provides various insurance, retirement, and savings products in the United Kingdom, Ireland, Canada, France, Italy, Poland, 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.

See Also: Gross Domestic Product (GDP)

Analyst Recommendations for Aviva (LON:AV)