Aviva plc (LON:AV) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Aviva plc (LON:AV) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 524.80 ($6.86).

Several equities research analysts have weighed in on AV shares. Jefferies Financial Group increased their price target on shares of Aviva from GBX 525 ($6.87) to GBX 550 ($7.19) and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 545 ($7.13) target price on shares of Aviva in a report on Friday, July 5th.

Insiders Place Their Bets

In other Aviva news, insider Amanda Blanc bought 6,250 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average price of GBX 499 ($6.53) per share, with a total value of £31,187.50 ($40,783.97). In other news, insider Amanda Blanc acquired 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average price of GBX 499 ($6.53) per share, with a total value of £31,187.50 ($40,783.97). Also, insider Pippa Lambert purchased 1,003 shares of Aviva stock in a transaction dated Friday, June 28th. The shares were acquired at an average cost of GBX 482 ($6.30) per share, with a total value of £4,834.46 ($6,322.03). In the last quarter, insiders acquired 107,253 shares of company stock valued at $52,002,196. Corporate insiders own 0.17% of the company’s stock.

Aviva Price Performance

LON AV traded down GBX 2.40 ($0.03) on Monday, reaching GBX 488.40 ($6.39). 3,875,641 shares of the company’s stock traded hands. The stock has a market cap of £12.99 billion, a PE ratio of 1,061.74, a P/E/G ratio of 2.17 and a beta of 0.93. Aviva has a 12 month low of GBX 366 ($4.79) and a 12 month high of GBX 510.20 ($6.67). The stock has a 50-day simple moving average of GBX 488.31 and a 200 day simple moving average of GBX 480.27. The company has a debt-to-equity ratio of 67.09, a current ratio of 2.17 and a quick ratio of 1.57.

Aviva Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 5th will be given a dividend of GBX 11.90 ($0.16) per share. This represents a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, September 5th. Aviva’s dividend payout ratio (DPR) is currently 7,391.30%.

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.