Aviva: Jefferies raises target price
(CercleFinance.com) - Jefferies has confirmed its buy recommendation on Aviva shares, raising its target price from 550 pence to 560 pence, in particular judging that the British insurer's shares remain cheap, trading at less than 10x 2025e EPS.
With an offer for Direct Line (of 275 pence) apparently accepted, we believe that while this deal offers attractive financial and strategic prospects, the integration risks are also significant, the broker adds.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
With an offer for Direct Line (of 275 pence) apparently accepted, we believe that while this deal offers attractive financial and strategic prospects, the integration risks are also significant, the broker adds.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.