Aviva plc (LON:AV) Receives GBX 524.80 Average Price Target from Analysts

Aviva plc (LON:AV) has earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 524.80 ($6.86).

Several brokerages have issued reports on AV. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 545 ($7.13) price objective on shares of Aviva in a research note on Friday, July 5th. Jefferies Financial Group boosted their price target on shares of Aviva from GBX 525 ($6.87) to GBX 550 ($7.19) and gave the stock a “buy” rating in a research note on Monday, September 9th.

Insider Activity

In related news, insider Thomas Neil purchased 100,000 shares of Aviva stock in a transaction dated Monday, June 24th. The stock was bought at an average cost of GBX 484 ($6.33) per share, for a total transaction of £484,000 ($632,927.95). In other news, insider Thomas Neil purchased 100,000 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was acquired at an average price of GBX 484 ($6.33) per share, for a total transaction of £484,000 ($632,927.95). Also, insider Pippa Lambert purchased 1,003 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were purchased at an average cost of GBX 482 ($6.30) per share, with a total value of £4,834.46 ($6,322.03). Insiders purchased 107,253 shares of company stock worth $52,002,196 in the last 90 days. 0.17% of the stock is currently owned by corporate insiders.

Aviva Trading Up 0.0 %

LON:AV opened at GBX 493.10 ($6.45) on Monday. Aviva has a 12-month low of GBX 375.10 ($4.91) and a 12-month high of GBX 510.20 ($6.67). The company has a current ratio of 2.17, a quick ratio of 1.57 and a debt-to-equity ratio of 67.09. The stock’s 50 day simple moving average is GBX 489.95 and its 200-day simple moving average is GBX 481.73. The firm has a market cap of £13.12 billion, a P/E ratio of 1,071.96, a PEG ratio of 1.93 and a beta of 0.89.

Aviva Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 5th will be paid a dividend of GBX 11.90 ($0.16) per share. The ex-dividend date is Thursday, September 5th. This represents a dividend yield of 2.44%. Aviva’s dividend payout ratio (DPR) is presently 7,391.30%.

About Aviva

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.