Aviva (LON:AV) PT Lowered to GBX 532

Aviva (LON:AV – Get Rating) had its price objective lowered by Berenberg Bank from GBX 546 ($6.79) to GBX 532 ($6.62) in a research note released on Wednesday morning, Marketbeat.com reports. Berenberg Bank currently has a buy rating on the stock.

Several other research firms have also commented on AV. Deutsche Bank Aktiengesellschaft restated a buy rating and set a GBX 560 ($6.97) price target on shares of Aviva in a research report on Thursday. Barclays reiterated an equal weight rating and issued a GBX 545 ($6.78) price target on shares of Aviva in a research note on Wednesday, May 17th. JPMorgan Chase & Co. reduced their price target on shares of Aviva from GBX 545 ($6.78) to GBX 535 ($6.65) and set an overweight rating for the company in a research report on Thursday. Finally, Morgan Stanley reissued an overweight rating and issued a GBX 520 ($6.47) price objective on shares of Aviva in a research note on Tuesday, March 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Aviva currently has an average rating of Moderate Buy and a consensus target price of GBX 526 ($6.54).

Aviva Price Performance

AV stock opened at GBX 401.30 ($4.99) on Wednesday. Aviva has a 12 month low of GBX 341.92 ($4.25) and a 12 month high of GBX 473.70 ($5.89). The company has a 50-day moving average price of GBX 414.72 and a 200 day moving average price of GBX 434.48. The stock has a market cap of £11.08 billion, a PE ratio of -1,052.89, a P/E/G ratio of 8.09 and a beta of 1.03. The company has a current ratio of 3.31, a quick ratio of 1.57 and a debt-to-equity ratio of 55.38.

Aviva Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, May 18th. Stockholders of record on Thursday, March 30th were paid a dividend of GBX 20.70 ($0.26) per share. This is an increase from Aviva’s previous dividend of $10.30. This represents a dividend yield of 4.6%. The ex-dividend date was Thursday, March 30th. Aviva’s payout ratio is currently -8,157.89%.

Insider Buying and Selling at Aviva

In other Aviva news, insider Pippa Lambert bought 1,302 shares of the business’s stock in a transaction that occurred on Tuesday, March 28th. The shares were bought at an average price of GBX 419 ($5.21) per share, for a total transaction of £5,455.38 ($6,785.30). In other news, insider Pippa Lambert purchased 1,302 shares of the stock in a transaction on Tuesday, March 28th. The shares were acquired at an average price of GBX 419 ($5.21) per share, for a total transaction of £5,455.38 ($6,785.30). Also, insider Amanda Blanc sold 322,369 shares of the business’s stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of GBX 416 ($5.17), for a total value of £1,341,055.04 ($1,667,978.91). Insiders own 0.13% of the company’s stock.

Aviva Company Profile

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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.