Aviva: Jefferies reiterates its recommendation on stock

(CercleFinance.com) - Jefferies confirms its buy rating on the stock, while maintaining its target price for it at 525 p.


The analyst says that Aviva is stepping up a gear, saying, "We update our estimates following Aviva's positive FY23 results. The new 2026 guidance is very achievable in our view, and factors in the recent Consumer Duty rules and falling interest rates".

"Capital remains strong, and with a 10.5% 2024F total return yield (which is ahead of peers), Aviva can almost achieve its cost of equity in capital returns alone", Jefferies adds.


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