Aviva: UBS still a buyer after interim results
(CercleFinance.com) - Reacting to the previous day's H1 2022 results, UBS reinstates its "buy" rating on Aviva shares, maintaining its target price for them at 445 pence, which represents upside potential of 7% for the British insurer's shares.
In its summary, the broker highlights that H1 operating profit exceeded expectations, driven by the general insurance business, and that share buybacks are expected in late 2022 to redistribute surplus capital.
It doesn't seem to be the stock's day today, though - it is currently down almost 2.5% at about 454 pence, underperforming a slightly negative market in London by around 2%.
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