Macquarie Downgrades Aviva Plc (ADR) to Neutral

Brokerage firm Macquarie Downgrades its rating on Aviva Plc (ADR)(NYSE:AV). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Macquarie was issued on Aug 9, 2016.

In a different note, On Jun 27, 2016, Macquarie said it Upgrades its rating on Aviva Plc (ADR). The shares have been rated ‘Outperform’ by the firm.

Aviva Plc (ADR) (AV) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -0.37% at a volume of 1,73,797. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.92. The peak price level was also seen at $10.92 while the days lowest was $10.78. Finally the shares closed at $10.88. The 52-week high of the shares is $16.1 while the 52-week low is $9.1101. According to the latest information available, the market cap of the company is $22,076 M.

Aviva plc is a provider of long-term insurance and savings general and health insurance and fund management products and services. The Company operates across four lines of business: The Company’s long-term insurance and savings business which includes a range of life insurance and savings products; general insurance which focuses on personal and commercial lines health insurance and fund management which manages funds on behalf of its long-term insurance and general insurance businesses external institutions pension funds and retail clients. The Company’s operating segments include: United Kingdom & Ireland; France; Poland; Italy Spain and Other; Canada; Asia and Aviva Investors.

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