Aviva (LON:AV) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Aviva (LON:AV) had its price objective hoisted by equities research analysts at JPMorgan Chase & Co. from GBX 615 ($7.93) to GBX 635 ($8.19) in a note issued to investors on Thursday,Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 17.20% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft restated a “top pick” rating on shares of Aviva in a research report on Friday, December 6th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Aviva currently has an average rating of “Buy” and a consensus price target of GBX 585.67 ($7.55).

Aviva Price Performance

Shares of AV traded up GBX 8 ($0.10) during mid-day trading on Thursday, reaching GBX 541.80 ($6.98). The company had a trading volume of 16,748,551 shares. The company’s 50 day simple moving average is GBX 498.18 and its 200 day simple moving average is GBX 486.98. The company has a market capitalization of £14.56 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 2.01 and a beta of 0.89. Aviva has a 1-year low of GBX 390.70 ($5.04) and a 1-year high of GBX 510.20 ($6.58). The company has a debt-to-equity ratio of 68.87, a quick ratio of 1.57 and a current ratio of 2.93.

Aviva (LON:AV) last announced its quarterly earnings results on Thursday, February 27th. The company reported GBX 23.60 ($0.30) EPS for the quarter. Aviva had a return on equity of 14.82% and a net margin of 3.52%. Analysts expect that Aviva will post 46.4942529 EPS for the current year.

Insider Buying and Selling

In other news, insider Pippa Lambert purchased 988 shares of the business’s stock in a transaction on Friday, December 27th. The shares were acquired at an average price of GBX 465 ($5.99) per share, with a total value of £4,594.20 ($5,921.89). 0.17% of the stock is owned by 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.