Royal Bank of Canada Reiterates “Outperform” Rating for Aviva (AV)

Aviva (LON:AV)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank of Canada in a research note issued on Friday. They presently have a GBX 540 ($7.27) target price on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 7.84% from the stock’s current price.

Several other brokerages also recently commented on AV. Shore Capital restated a “hold” rating on shares of Aviva in a research report on Thursday, November 30th. restated a “hold” rating and issued a GBX 550 ($7.40) price target on shares of Aviva in a research report on Monday, September 4th. Jefferies Group upped their price target on shares of Aviva from GBX 600 ($8.08) to GBX 606 ($8.16) and gave the company a “buy” rating in a research report on Thursday, August 31st. Morgan Stanley restated an “overweight” rating and issued a GBX 627 ($8.44) price target (down previously from GBX 670 ($9.02)) on shares of Aviva in a research report on Friday, November 3rd. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 617 ($8.30) price target on shares of Aviva in a research report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 567.88 ($7.64).

Shares of Aviva (LON:AV) opened at GBX 500.75 ($6.74) on Friday. Aviva has a 12-month low of GBX 467.31 ($6.29) and a 12-month high of GBX 570.50 ($7.68).

In other news, insider Patricia Cross acquired 2,609 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was acquired at an average cost of GBX 498 ($6.70) per share, with a total value of £12,992.82 ($17,486.97). Also, insider Glyn Barker acquired 11,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were purchased at an average cost of GBX 505 ($6.80) per share, with a total value of £55,550 ($74,764.47). In the last 90 days, insiders have bought 13,699 shares of company stock worth $6,899,266.

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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.

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