Aviva: Barclays raises target price

(CercleFinance.com) - While maintaining its 'equal weight' recommendation on Aviva shares, Barclays is raising its target price for them from £4.
8 to £5, ahead of the British insurance company's Q1 trading update.

"We expect continued positive momentum in general insurance GWPs in 1Q24, with the benefit of benign weather in Canada being slightly offset by winter storms in the UK for a weaker COR".

"With no bulk annuity deals announced YTD, we expect life sales and profits similar to 1Q23. Capital should remain robust", it adds.


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