JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Aviva (LON:AV) Stock

Aviva (LON:AV) had its price target lifted by JPMorgan Chase & Co. from GBX 615 ($7.93) to GBX 635 ($8.18) in a research report sent to investors on Thursday, Marketbeat.com reports. They currently have an overweight rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft reissued a “top pick” rating on shares of Aviva in a research note on Friday, December 6th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 585.67 ($7.55).

Aviva Stock Performance

Shares of AV opened at GBX 535.80 ($6.90) on Thursday. The company has a current ratio of 2.93, a quick ratio of 1.57 and a debt-to-equity ratio of 68.87. The stock has a market cap of £14.40 billion, a P/E ratio of 11.04, a PEG ratio of 2.01 and a beta of 0.89. The company has a 50-day moving average of GBX 499.76 and a two-hundred day moving average of GBX 487.36. Aviva has a 12-month low of GBX 390.70 ($5.03) and a 12-month high of GBX 510.20 ($6.57).

Aviva (LON:AV) last announced its quarterly earnings data on Thursday, February 27th. The company reported GBX 23.60 ($0.30) earnings per share (EPS) for the quarter. Aviva had a net margin of 3.52% and a return on equity of 14.82%. As a group, research analysts predict that Aviva will post 46.4942529 EPS for the current fiscal year.

Insider Activity at Aviva

In related news, insider Pippa Lambert purchased 988 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average price of GBX 465 ($5.99) per share, with a total value of £4,594.20 ($5,920.36). Insiders own 0.17% of the company’s stock.

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.