Barclays Downgrades Aviva (LON:AV) to Equal weight

Barclays downgraded shares of Aviva (LON:AV) to an equal weight rating in a research note published on Wednesday, Stock Target Advisor reports. The brokerage currently has GBX 461 ($6.02) price objective on the stock, down from their prior price objective of GBX 551 ($7.20).

A number of other research analysts have also recently commented on AV. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Aviva in a research report on Friday, November 22nd. Citigroup lowered Aviva to a neutral rating and decreased their price objective for the stock from GBX 460 ($6.01) to GBX 414 ($5.41) in a report on Tuesday, November 26th. UBS Group reissued a buy rating and issued a GBX 490 ($6.40) price objective on shares of Aviva in a report on Tuesday, November 19th. Goldman Sachs Group restated a buy rating on shares of Aviva in a research note on Tuesday, August 13th. Finally, Deutsche Bank downgraded shares of Aviva to a hold rating and set a GBX 450 ($5.88) price objective on the stock. in a report on Thursday, November 21st. Seven 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 company’s stock. The company has a consensus rating of Buy and a consensus target price of GBX 480.73 ($6.28).

LON:AV opened at GBX 397.90 ($5.20) on Wednesday. The company has a market capitalization of $15.59 billion and a P/E ratio of 6.84. The business has a fifty day simple moving average of GBX 415.37 and a two-hundred day simple moving average of GBX 403.47. The company has a debt-to-equity ratio of 48.99, a current ratio of 1.91 and a quick ratio of 0.98. Aviva has a 1 year low of GBX 3.87 ($0.05) and a 1 year high of GBX 442.30 ($5.78).

In related news, insider George Culmer purchased 31,276 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were purchased at an average cost of GBX 398 ($5.20) per share, for a total transaction of £124,478.48 ($162,653.18). Also, insider Glyn Barker purchased 25,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were bought at an average price of GBX 391 ($5.11) per share, for a total transaction of £97,750 ($127,727.69).

Aviva Company Profile

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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Analyst Recommendations for Aviva (LON:AV)

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