Aviva (LON:AV) Shares Up 0.7% – What’s Next?

Aviva plc (LON:AV) shares shot up 0.7% during mid-day trading on Thursday . The stock traded as high as GBX 665 ($9.03) and last traded at GBX 665 ($9.03). 1 shares traded hands during mid-day trading, The stock had previously closed at GBX 660.60 ($8.97).

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AV. Citigroup lifted their price objective on shares of Aviva from GBX 623 to GBX 687 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. lifted their target price on shares of Aviva from GBX 695 to GBX 735 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Aviva has an average rating of “Buy” and a consensus target price of GBX 711.

Aviva Stock Performance

The company has a debt-to-equity ratio of 68.87, a quick ratio of 1.57 and a current ratio of 2.93. The firm’s 50 day moving average is GBX 646.03 and its 200-day moving average is GBX 595.03. The firm has a market cap of £17.94 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 2.01 and a beta of 0.89.

Aviva (LON:AV) last issued its quarterly earnings data on Thursday, August 14th. The company reported GBX 21.70 earnings per share for the quarter. Aviva had a net margin of 3.52% and a return on equity of 14.82%. Sell-side analysts anticipate that Aviva plc will post 46.4942529 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ian Clark acquired 8,100 shares of the stock in a transaction on Wednesday, July 9th. The stock was purchased at an average price of GBX 617 per share, for a total transaction of £49,977. Also, insider Amanda Blanc acquired 19,142 shares of the stock in a transaction on Wednesday, September 3rd. The stock was bought at an average price of GBX 623 per share, with a total value of £119,254.66. In the last 90 days, insiders bought 33,836 shares of company stock valued at $21,031,228. Corporate insiders own 0.17% of the company’s stock.

Aviva Company Profile

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.