JP Morgan Cazenove Maintains GBX 589.00 Target Price On Aviva PLC (LON:AV), Maintains Overweight Rating, Nuveen New York Select Tax-free Income Portfolio (NXN) Sentiment Is 4

May 11, 2017 - By Adrian Mccoy

London: In a research note revealed to clients on Thursday, 11 May, JP Morgan Cazenove restate their Overweight rating on shares of Aviva PLC (LON:AV). They currently have a GBX 589.00 PT on the company. JP Morgan Cazenove’s target would indicate a potential upside of 10.04% from the company’s last stock price.

Nuveen New York Select Tax-Free Income Portfolio is a diversified closed-end management investment company. The company has market cap of $53.73 million. The Fund seeks to provide current income exempt from regular federal, and New York State and New York City income tax consistent with the preservation of capital. It currently has negative earnings. The Fund invests in municipal securities that are exempt from federal, New York state, and New York City income taxes.

Among 25 analysts covering Aviva PLC (LON:AV), 17 have Buy rating, 2 Sell and 6 Hold. Therefore 68% are positive. Aviva PLC has GBX 2050 highest and GBX 400 lowest target. GBX 628.14’s average target is 17.19% above currents GBX 536 stock price. Aviva PLC had 215 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Wednesday, June 29. Deutsche Bank maintained Aviva plc (LON:AV) on Tuesday, April 11 with “Buy” rating. On Tuesday, March 21 the stock rating was maintained by JP Morgan with “Overweight”. Jefferies maintained Aviva plc (LON:AV) on Monday, September 21 with “Buy” rating. Nomura maintained it with “Buy” rating and GBX 670 target in Thursday, December 10 report. Barclays Capital maintained Aviva plc (LON:AV) rating on Monday, April 4. Barclays Capital has “Overweight” rating and GBX 664 target. JP Morgan maintained Aviva plc (LON:AV) on Friday, February 3 with “Overweight” rating. The company was maintained on Monday, November 7 by JP Morgan. The rating was maintained by Societe Generale with “Buy” on Monday, December 7. Nomura maintained Aviva plc (LON:AV) on Tuesday, February 23 with “Buy” rating.

Investors sentiment decreased to 0.17 in Q4 2016. Its down 0.86, from 1.03 in 2016Q3. It worsened, as 46 investors sold Aviva plc shares while 14 reduced holdings. 5 funds opened positions while 5 raised stakes. 6.39 million shares or 57.70% less from 15.11 million shares in 2016Q3 were reported. Fifth Third Financial Bank invested in 0% or 398 shares. Calvert Investment Management stated it has 49,996 shares or 0.02% of all its holdings. Causeway Capital Mngmt Ltd Liability Corporation holds 514,612 shares. Dreman Value Mgmt L L C accumulated 0% or 419 shares. Glenmede Trust Company Na invested 0% in Aviva plc (LON:AV). Ameriprise Financial stated it has 0% in Aviva plc (LON:AV). Schroder Mngmt Grp stated it has 1,495 shares or 0% of all its holdings. Moreover, Capstone Asset Mgmt has 0.06% invested in Aviva plc (LON:AV) for 181,918 shares. Bellecapital Interest Limited accumulated 10,200 shares or 0.11% of the stock. Whitnell And holds 430 shares. Sterling Ltd reported 0% in Aviva plc (LON:AV). Ubs Asset Management Americas Incorporated reported 322,845 shares or 0% of all its holdings. Huntington Fincl Bank holds 0% of its portfolio in Aviva plc (LON:AV) for 4,750 shares. Envestnet Asset Management accumulated 2,285 shares. Eagle Asset has 13,888 shares.

About 3.90M shares traded. Aviva plc (LON:AV) has risen 21.01% since October 10, 2016 and is uptrending. It has outperformed by 9.42% the S&P500.

Aviva plc is a holding company. The Company provides clients with long-term insurance and savings, general and health insurance, and fund management services and products. The company has market cap of 21.81 billion GBP. The Company’s divisions include United Kingdom & Ireland; France; Poland; Italy, Spain and Other; Canada; Asia; Aviva Investors, and Other Group activities. It has a 35.49 P/E ratio. The United Kingdom and Ireland segment consists of two operating divisions: Life and General Insurance.

Tortoise Investment Management Llc holds 0.37% of its portfolio in Nuveen NY Select Tax-Free Income Portfol for 81,200 shares. Landscape Capital Management L.L.C. owns 21,769 shares or 0.04% of their US portfolio. Moreover, Rmb Capital Management Llc has 0.03% invested in the company for 36,875 shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Invesco Ltd., a Georgia-based fund reported 40,076 shares.