Aviva: UBS maintains buy rating

(CercleFinance.com) - UBS maintains its Buy on the Aviva stock, with an unchanged target price of 480 pence, following the publication of Q3 results.


The analyst considers the results satisfactory, with an improvement in solvency and reiterated targets.

"Targets reiterated, despite higher nat casts in 3Q (Canada), and more UK cats expected in 4Q. Solvency beat vs UBSe was driven by market movements," the analyst says.

Note that The Times had raised the idea that Aviva might be taken over by a foreign group: the paper says that the German group Allianz is making a takeover bid for it.


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