Deutsche Bank Cuts Aviva (LON:AV) Price Target to GBX 460

Aviva (LON:AV) had its price target lowered by Deutsche Bank from GBX 470 ($6.18) to GBX 460 ($6.05) in a report published on Wednesday, Stock Target Advisor reports. The firm currently has a hold rating on the stock.

AV has been the topic of several other reports. UBS Group reiterated a buy rating on shares of Aviva in a research note on Thursday, January 16th. Investec lowered shares of Aviva to an add rating and dropped their price target for the company from GBX 455 ($5.99) to GBX 400 ($5.26) in a research note on Tuesday, February 4th. Jefferies Financial Group dropped their price target on shares of Aviva from GBX 502 ($6.60) to GBX 500 ($6.58) and set a buy rating on the stock in a research note on Friday, February 7th. Morgan Stanley lowered shares of Aviva to an equal weight rating in a research note on Thursday, November 28th. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of Aviva in a research note on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 473.91 ($6.23).

Shares of Aviva stock opened at GBX 410.90 ($5.41) on Wednesday. The firm has a market capitalization of $16.11 billion and a P/E ratio of 7.06. Aviva has a 52 week low of GBX 3.87 ($0.05) and a 52 week high of GBX 442.30 ($5.82). The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 48.99. The firm’s 50 day moving average is GBX 411.06 and its two-hundred day moving average is GBX 401.87.

In other Aviva news, insider Belen Romana Garcia bought 1,400 shares of the stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of GBX 422 ($5.55) per share, for a total transaction of £5,908 ($7,771.64).

About Aviva

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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