Barclays Downgrades Aviva (LON:AV) to Equal weight

Aviva (LON:AV) was downgraded by Barclays to an “equal weight” rating in a note issued to investors on Wednesday, Stock Target Advisor reports. They currently have a GBX 461 ($6.02) price objective on the stock, down from their previous price objective of GBX 551 ($7.20). Barclays‘s target price would suggest a potential upside of 17.30% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada reissued a “top pick” rating and set a GBX 560 ($7.32) target price on shares of Aviva in a research note on Monday, August 12th. Morgan Stanley lowered Aviva to an “equal weight” rating in a research note on Thursday, November 28th. Goldman Sachs Group reiterated a “buy” rating on shares of Aviva in a report on Tuesday, August 13th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Aviva in a research report on Friday, November 22nd. Finally, Deutsche Bank lowered shares of Aviva to a “hold” rating and set a GBX 450 ($5.88) price objective for the company. in a report on Thursday, November 21st. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 480.73 ($6.28).

AV opened at GBX 393 ($5.14) on Wednesday. Aviva has a one year low of GBX 3.87 ($0.05) and a one year high of GBX 442.30 ($5.78). The company has a debt-to-equity ratio of 48.99, a current ratio of 1.91 and a quick ratio of 0.98. The business has a 50 day simple moving average of GBX 415.58 and a two-hundred day simple moving average of GBX 403.51. The firm has a market capitalization of $15.39 billion and a price-to-earnings ratio of 6.75.

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

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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Analyst Recommendations for Aviva (LON:AV)

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