Barclays Raises Aviva (AV) Price Target to GBX 610

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Aviva (LON:AV) had its target price lifted by Barclays from GBX 581 ($7.49) to GBX 610 ($7.87) in a research report released on Friday morning. The firm currently has an overweight rating on the stock.

Several other equities analysts have also issued reports on AV. Citigroup restated a buy rating and set a GBX 603 ($7.78) price target on shares of Aviva in a research report on Thursday, August 16th. Goldman Sachs Group upgraded Aviva to a buy rating and raised their price target for the stock from GBX 525 ($6.77) to GBX 590 ($7.61) in a research report on Monday, May 28th. Deutsche Bank restated a buy rating and set a GBX 600 ($7.74) price target on shares of Aviva in a research report on Friday, May 25th. Finally, Deutsche Bank restated a buy rating and set a GBX 600 ($7.74) price target on shares of Aviva in a research report on Friday, May 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of GBX 579.38 ($7.47).

Shares of Aviva stock traded down GBX 7.60 ($0.10) during trading on Friday, hitting GBX 478.30 ($6.17). 12,283,144 shares of the stock traded hands, compared to its average volume of 10,250,000. Aviva has a 52 week low of GBX 482.20 ($6.22) and a 52 week high of GBX 550 ($7.09).

The firm also recently disclosed a dividend, which will be paid on Monday, September 24th. Shareholders of record on Thursday, August 16th will be issued a GBX 9.25 ($0.12) dividend. This represents a yield of 1.89%. The ex-dividend date of this dividend is Thursday, August 16th.

About Aviva

Aviva plc provides various insurance and savings products primarily in the United Kingdom, rest of Europe, Canada, and Asia. The company offers life insurance, long term health and accident insurance, 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, property, and medical expenses, as well as liabilities, such as employers' and professional indemnity liabilities.

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