Aviva (LON:AV) Given New GBX 820 Price Target at Berenberg Bank

Aviva (LON:AV) had its price objective lifted by research analysts at Berenberg Bank from GBX 800 to GBX 820 in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 12.85% from the stock’s previous close.

Several other brokerages have also recently commented on AV. JPMorgan Chase & Co. increased their target price on shares of Aviva from GBX 715 to GBX 800 and gave the stock an “overweight” rating in a report on Thursday. UBS Group reiterated a “buy” rating and issued a GBX 750 price target on shares of Aviva in a research note on Monday, May 11th. Jefferies Financial Group reissued a “hold” rating and set a GBX 637 price target on shares of Aviva in a research report on Friday, May 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 780 price objective on shares of Aviva in a research note on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 733.50.

Aviva Stock Up 1.8%

Shares of AV opened at GBX 726.60 on Monday. The stock has a market capitalization of £19.52 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.01 and a beta of 0.62. Aviva has a twelve month low of GBX 390.70 and a twelve month high of GBX 510.20. The company has a 50 day moving average of GBX 664.13 and a 200-day moving average of GBX 642.31.

Insider Buying and Selling

In other Aviva news, insider Pippa Lambert purchased 226 shares of Aviva stock in a transaction that occurred on Wednesday, July 15th. The stock was acquired at an average price of GBX 662 per share, for a total transaction of £1,496.12. Insiders own 0.17% of the company’s stock.

Aviva News Roundup

Here are the key news stories impacting Aviva this week:

• Positive Sentiment: Profit growth and acquisition benefits: Aviva reported a 24% increase in profits, with the Direct Line turnaround and stronger general insurance performance helping results beat expectations. Aviva profits jump following Direct Line acquisition
• Positive Sentiment: Direct Line integration is supporting growth: Coverage highlighted improving performance from Direct Line following its acquisition by Aviva, reinforcing the investment case for the transaction and potentially easing concerns over the deal’s execution. Aviva earnings jump amid Direct Line turnaround
• Positive Sentiment: Diversified operating momentum: Beyond Direct Line, wealth management and general insurance were identified as important contributors to the earnings beat, suggesting growth is not dependent on a single business line. Aviva beats profit expectations as Direct Line and wealth management drive growth
• Positive Sentiment: Broker confidence: JPMorgan raised its price target from 715p to 800p and maintained an “overweight” rating, signaling increased confidence in Aviva’s earnings outlook and valuation. Digital Look broker views
• Neutral Sentiment: Catastrophe exposure remains a watchpoint: Aviva’s chief executive said the company’s profit target remains secure despite fires in the UK and Canada. The reassurance is supportive, although further severe events could increase claims costs. Aviva CEO Says Profit Target Is Safe Despite Fires in UK, Canada

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. It also provides insurance cover to individuals, small and medium-sized businesses for risks associated with motor vehicles and medical expenses, as well as property and liability, such as employers' and professional indemnity liabilities.