Aviva: price target raised at UBS

(CercleFinance.com) - UBS has reaffirmed its 'buy' recommendation on Aviva, with its price target raised from 590 to 675 pence, a new target that offers a potential 37% rise in the British insurance company's share price.


Aviva is our first choice in life insurance, with an attractive return on capital of around 40% over the next three years", explains the broker, adding that the benefits of the Direct Line acquisition are not, in his view, factored into the share price.

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