Aviva (LON:AV) Shares Up 0.6% - Here's Why

Aviva plc (LON:AV - Get Free Report)'s share price shot up 0.6% on Tuesday . The company traded as high as GBX 488.30 ($6.20) and last traded at GBX 487.60 ($6.19). 3,349,782 shares traded hands during trading, The stock had previously closed at GBX 484.90 ($6.15).

Analyst Ratings Changes

A number of research firms have weighed in on AV. The Goldman Sachs Group assumed coverage on shares of Aviva in a research report on Wednesday, September 18th. They set a "buy" rating for the company. Jefferies Financial Group boosted their price objective on shares of Aviva from GBX 525 ($6.66) to GBX 550 ($6.98) and gave the stock a "buy" rating in a report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 538 ($6.83).

Aviva Price Performance

The company has a debt-to-equity ratio of 67.09, a current ratio of 2.17 and a quick ratio of 1.57. The stock has a market capitalization of £12.92 billion, a P/E ratio of 1,056.30, a PEG ratio of 2.01 and a beta of 0.89. The company's 50 day simple moving average is GBX 477.07 and its two-hundred day simple moving average is GBX 482.57.

Insiders Place Their Bets

In related news, insider Amanda Blanc bought 6,250 shares of Aviva stock in a transaction dated Wednesday, September 4th. The shares were bought 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 bought 987 shares of Aviva stock in a transaction dated 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). Insiders own 0.17% of the company's stock.

Aviva Company Profile

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.