Aviva plc (LON:AV) shares dropped 0.8% on Wednesday . The stock traded as low as GBX 492.80 ($6.48) and last traded at GBX 493.50 ($6.49). Approximately 7,116,175 shares were traded during trading, a decline of 22% from the average daily volume of 9,130,250 shares. The stock had previously closed at GBX 497.60 ($6.54).
AV has been the subject of several recent research reports. Barclays PLC reiterated an “equal weight” rating and set a GBX 504 ($6.63) price target on shares of Aviva plc in a research report on Wednesday, June 28th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 585 ($7.69) price target on shares of Aviva plc in a research report on Tuesday. Panmure Gordon reiterated a “buy” rating and set a GBX 635 ($8.35) price target on shares of Aviva plc in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and set a GBX 606 ($7.97) price target on shares of Aviva plc in a research report on Friday, September 8th. Finally, J P Morgan Chase & Co lifted their price target on Aviva plc from GBX 616 ($8.10) to GBX 624 ($8.20) and gave the company an “overweight” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 569 ($7.48).
The company has a 50 day moving average of GBX 507.92 and a 200 day moving average of GBX 523.17. The stock’s market capitalization is GBX 20.25 billion.
The company also recently disclosed a dividend, which will be paid on Friday, November 17th. Investors of record on Thursday, October 5th will be paid a GBX 8.40 ($0.11) dividend. This represents a yield of 1.6%. The ex-dividend date is Thursday, October 5th.
In related news, insider Glyn Barker purchased 11,000 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was bought at an average price of GBX 505 ($6.64) per share, with a total value of £55,550 ($73,034.45). Also, insider Patricia Cross purchased 2,609 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were bought at an average cost of GBX 498 ($6.55) per share, with a total value of £12,992.82 ($17,082.33). Insiders purchased a total of 13,666 shares of company stock valued at $6,883,773 over the last ninety days.
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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