Aviva plc (AV) Receives a Buy from J.P. Morgan
In a report released today, Farooq Hanif from J.P. Morgan maintained a Buy rating on Aviva plc, with a price target of £7.35. The company’s shares opened today at p630.00.
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According to TipRanks, Hanif is a 5-star analyst with an average return of 7.7% and a 66.54% success rate. Hanif covers the Financial sector, focusing on stocks such as Prudential, Assicurazioni Generali S.p.A., and Aviva plc.
In addition to J.P. Morgan, Aviva plc also received a Buy from Morgan Stanley’s Hadley Cohen in a report issued on July 11. However, yesterday, Citi initiated coverage with a Hold rating on Aviva plc (LSE: AV).
Based on Aviva plc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p19.07 billion and a net profit of p24 million. In comparison, last year the company earned a revenue of p26.86 billion and had a net profit of p681 million
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AV in relation to earlier this year.
