Aviva expects a 17.5% year-on-year profit increase in its upcoming first-half results. Analysts project total profits will reach £1.3 billion. The market is monitoring the integration of Direct Line following its £3.7 billion acquisition. Aviva stock currently trades near 52-week highs. JPMorgan Chase & Co. raised its price target for the insurer to GBX 800. The previous price target for the stock stood at GBX 715. This new valuation suggests a potential 13.64% upside from the last closing price. JPMorgan maintains an overweight rating on the company. The results will evaluate CEO Amanda Blanc’s turnaround strategy, cost synergies, and margin resilience.
Aviva eyes 17.5% profit jump, as JPMorgan raises its price target