Aviva plc’s (AV) Overweight Rating Reaffirmed at J P Morgan Chase & Co

J P Morgan Chase & Co restated their overweight rating on shares of Aviva plc (LON:AV) in a research report released on Sunday morning. The firm currently has a GBX 617 ($8.14) target price on the stock.

Several other brokerages have also recently issued reports on AV. Shore Capital reissued a hold rating on shares of Aviva plc in a research note on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) reissued a neutral rating and issued a GBX 525 ($6.93) price objective on shares of Aviva plc in a research note on Tuesday, July 4th. Barclays PLC boosted their price objective on shares of Aviva plc from GBX 504 ($6.65) to GBX 509 ($6.72) and gave the company an equal weight rating in a research note on Monday, September 11th. Morgan Stanley boosted their price objective on shares of Aviva plc from GBX 601 ($7.93) to GBX 627 ($8.27) and gave the company an overweight rating in a research note on Thursday, August 10th. Finally, Macquarie reissued an outperform rating on shares of Aviva plc in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Aviva plc has a consensus rating of Buy and an average price target of GBX 572.40 ($7.55).

Aviva plc (LON:AV) traded down 1.17% during mid-day trading on Friday, hitting GBX 506.50. 10,755,072 shares of the stock were exchanged. Aviva plc has a 52-week low of GBX 411.30 and a 52-week high of GBX 570.50. The firm’s market cap is GBX 20.52 billion. The company has a 50 day moving average price of GBX 503.46 and a 200 day moving average price of GBX 521.38.

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The firm also recently announced a dividend, which will be paid on Friday, November 17th. Investors of record on Thursday, October 5th will be given a dividend of GBX 8.40 ($0.11) per share. This represents a yield of 1.6%. The ex-dividend date is Thursday, October 5th.

In other Aviva plc news, insider Patricia Cross bought 2,609 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The stock was purchased at an average price of GBX 498 ($6.57) per share, with a total value of £12,992.82 ($17,145.45). Also, insider Glyn Barker bought 11,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were acquired at an average cost of GBX 505 ($6.66) per share, with a total value of £55,550 ($73,304.30). In the last three months, insiders have purchased 13,696 shares of company stock valued at $6,898,713.

About Aviva plc

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.

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