Aviva plc (LON:AV) has earned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 508.33 ($6.64).
Several equities research analysts recently issued reports on the company. Shore Capital reiterated an “under review” rating on shares of Aviva in a report on Monday, March 4th. Jefferies Financial Group lowered their price objective on Aviva from GBX 604 ($7.89) to GBX 500 ($6.53) and set a “buy” rating on the stock in a report on Monday, February 11th. JPMorgan Chase & Co. lowered their price objective on Aviva from GBX 493 ($6.44) to GBX 479 ($6.26) and set an “overweight” rating on the stock in a report on Tuesday, March 12th. Royal Bank of Canada reiterated a “top pick” rating on shares of Aviva in a report on Wednesday, March 13th. Finally, BNP Paribas lowered their price objective on Aviva from GBX 470 ($6.14) to GBX 465 ($6.08) and set a “neutral” rating on the stock in a report on Thursday, January 24th.
AV stock opened at GBX 418.70 ($5.47) on Tuesday. The company has a debt-to-equity ratio of 51.04, a quick ratio of 2.23 and a current ratio of 3.09. Aviva has a 12-month low of GBX 361.80 ($4.73) and a 12-month high of GBX 554.60 ($7.25). The stock has a market capitalization of $16.39 billion and a P/E ratio of 11.08.
The business also recently announced a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, April 11th will be issued a dividend of GBX 20.75 ($0.27) per share. This is a boost from Aviva’s previous dividend of $9.25. This represents a dividend yield of 4.78%. The ex-dividend date is Thursday, April 11th. Aviva’s payout ratio is currently 0.79%.
In other news, insider Tom Stoddard sold 153,625 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of GBX 412 ($5.38), for a total transaction of £632,935 ($827,041.68). Also, insider Belen Romana Garcia bought 1,009 shares of the stock in a transaction dated Wednesday, March 27th. The shares were bought at an average price of GBX 414 ($5.41) per share, for a total transaction of £4,177.26 ($5,458.33). Over the last 90 days, insiders have bought 1,079 shares of company stock worth $447,651.
Aviva plc provides various insurance and savings products primarily in the United Kingdom, rest of Europe, North America, and South-East Asia. The company offers life insurance, long term health and accident insurance, savings, pension, and annuity products; and lifetime mortgage products. It also provides insurance cover to individuals, and small and medium-sized businesses for risks associated primarily with motor vehicles and medical expenses, as well as property and liability, such as employers' and professional indemnity liabilities.
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