Aviva (AV.)

Sector:

Insurance

Index:

FTSE 100

496.60p
   
  • Change Today:
      0.40p
  • 52 Week High: 498.50
  • 52 Week Low: 369.20
  • Currency: UK Pounds
  • Shares Issued: 2,724.71m
  • Volume: 6,624,085
  • Market Cap: £13,531m
  • RiskGrade: 140

Deutsche Bank reiterates 'high conviction buy' for Aviva on expected free cash flow yield

By Alexander Bueso

Date: Wednesday 02 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Deutsche Bank reiterated their "high conviction" behind their 'buy' recommendation on Aviva's shares on the basis of its "highly attractive" free cash flow generation and their expectations for its future plans for deploying that cash.

"Aviva's upcoming full-year results offer the chance to refresh a story that really hasn't changed much for several months," analyst Oliver Steel said in a research note sent to clients.

Steel's forecasts called for Aviva to confirm expectations for up-front capital return at the higher end of the range of £5bn.

But what would matter most is Aviva's attitude towards future cash deployment, he added.

On his estimates, Aviva shares were trading on an expected 2023 free cash flow yield of 11.4%, against 7.1% across the wider sector.

The analyst also bumped up his target price by 6% to 530.0p, adding that it was "arguably conservative".



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Aviva Market Data

Currency UK Pounds
Share Price 496.60p
Change Today 0.40p
% Change 0.08 %
52 Week High 498.50
52 Week Low 369.20
Volume 6,624,085
Shares Issued 2,724.71m
Market Cap £13,531m
RiskGrade 140

Aviva Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.99% above the market average58.99% above the market average58.99% above the market average58.99% above the market average58.99% above the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Price Trend
59.89% above the market average59.89% above the market average59.89% above the market average59.89% above the market average59.89% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
86.89% above the market average86.89% above the market average86.89% above the market average86.89% above the market average86.89% above the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
70.23% below the market average70.23% below the market average70.23% below the market average70.23% below the market average70.23% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 6
Sell 0
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Aviva Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 24-Aug-23
Paid 23-May-24 05-Oct-23
Amount 22.30p 11.10p

Trades for 28-Mar-2024

Time Volume / Share Price
16:42 24,921 @ 496.60p
16:35 3,313,433 @ 496.60p
16:35 2,623 @ 496.60p
16:35 8,763 @ 496.60p
16:35 10,782 @ 496.60p

Aviva Key Personnel

CEO Amanda Blanc
CFO Charlotte Jones

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