Aviva (LON:AV) Shares Up 0.6% – Still a Buy?

Shares of Aviva plc (LON:AV) shot up 0.6% during trading on Tuesday . The stock traded as high as GBX 488.30 ($6.20) and last traded at GBX 487.60 ($6.19). 3,349,782 shares were traded during trading, The stock had previously closed at GBX 484.90 ($6.15).

Wall Street Analysts Forecast Growth

Several brokerages have commented on AV. The Goldman Sachs Group initiated coverage on Aviva in a report on Wednesday, September 18th. They issued a “buy” rating on the stock. Jefferies Financial Group upped their price target on shares of Aviva from GBX 525 ($6.66) to GBX 550 ($6.98) and gave the stock a “buy” rating in a research report on Monday, September 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 538 ($6.83).

Aviva Stock Down 0.3 %

The firm has a 50-day moving average of GBX 477.07 and a two-hundred day moving average of GBX 482.57. The company has a quick ratio of 1.57, a current ratio of 2.17 and a debt-to-equity ratio of 67.09. The company has a market capitalization of £12.92 billion, a PE ratio of 1,060.00, a price-to-earnings-growth ratio of 2.01 and a beta of 0.89.

Insider Activity at Aviva

In related news, insider Amanda Blanc bought 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average cost of GBX 499 ($6.33) per share, for a total transaction of £31,187.50 ($39,578.05). Also, insider Pippa Lambert purchased 987 shares of the business’s stock in a transaction on Monday, September 30th. The shares were bought at an average price of GBX 489 ($6.21) per share, for a total transaction of £4,826.43 ($6,124.91). 0.17% of the stock is owned by insiders.

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.