Kepler Capital Keeps Their Hold Rating on Aviva plc (AV)
In a report released on December 9, Batikan Kaya from Kepler Capital maintained a Hold rating on Aviva plc, with a price target of p705.49. The company’s shares closed yesterday at p649.00.
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According to TipRanks, Kaya is a 2-star analyst with an average return of 1.5% and a 72.73% success rate. Kaya covers the Financial sector, focusing on stocks such as Helvetia Holding AG, AXA SA, and Swiss Life Holding AG.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aviva plc with a p716.92 average price target, a 10.47% upside from current levels. In a report released on December 8, J.P. Morgan also downgraded the stock to a Hold with a p725.00 price target.
Based on Aviva plc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p12.37 billion and a net profit of p698 million. In comparison, last year the company earned a revenue of p10.84 billion and had a net profit of p626 million
Based on the recent corporate insider activity of 33 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.
