Berenberg keeps GBp 820 target for Aviva stock

Published on 10/20/2026 at 19:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Profit rose 24.00 percent to GBP 1.32 billion in first-half 2026. Aviva stock costs EUR 8.61 on October 20, 2026, 1.77 percent above the Xetra close.

Analyst target and trading data

A GBp 820 target remained in place on October 19, 2026.
First-half 2026 operating profit rose 24.00 percent to GBP 1.32 billion.
Aviva stock costs EUR 8.61 at Lang & Schwarz on October 20, 2026 at 7:10 p.m. CEST, 1.77 percent above the Xetra close of October 19, 2026.
Aviva's next trading update is scheduled for November 13, 2026.

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Aviva (ISIN GB00BPQY8M80) has a GBp 820 price target from Berenberg after the bank reaffirmed its Buy rating on October 19, 2026, according to MarketBeat. Against the LSE price of GBp 712.00, the target is 15.17 percent above the price. Aviva was trading at EUR 8.61 at Lang & Schwarz on October 20, 2026 at 7:10 p.m. CEST, 1.77 percent above the Xetra close of October 19, 2026 at EUR 8.46.

Operating profit sets the tone

Aviva reported operating profit of GBP 1.32 billion for the first half of 2026, up 24.00 percent from GBP 1.07 billion in the first half of 2025. Its operating earnings per share increased 10.00 percent to GBP 0.318, while return on equity rose from 18.20 percent to 20.30 percent. The figures were reported by Yahoo Finance on October 9, 2026.

The same half-year report showed IFRS profit of GBP 418.00 million, down 49.00 percent year over year, while basic earnings per share fell 44.00 percent to GBP 0.122. That contrast puts the analyst target alongside a clear measure of earnings quality rather than headline operating growth alone.

Stock position after the close

On the London Stock Exchange, Aviva last stood at GBp 712.00 on October 20, 2026 at 4:49 p.m. BST. The one-year range was GBp 590.60 to GBp 740.60, and volume reached 3,939,636 shares. The market capitalization was GBP 21.30 billion as of October 19, 2026.

Valuation and the next date

Aviva's price-to-earnings ratio was 41.76 on October 20, 2026. The company paid an interim dividend of GBp 14.00 on October 15, 2026, and its next trading update is scheduled for November 13, 2026, according to Aviva.

Comparison with peers

Aviva: 1.77 percent above the Xetra close, P/E 41.76, market capitalization GBP 21.30 billion.

Allianz (Xetra, EUR): up 1.34 percent, P/E 14.21, market capitalization EUR 164.10 billion.

Zurich Insurance Group (SIX, CHF): up 1.01 percent, P/E 10.17, market capitalization CHF 92.50 billion.

Target leaves room above the price

Berenberg's GBp 820 target leaves a 15.17 percent gap above the GBp 712.00 LSE price, while Aviva's first-half operating profit grew 24.00 percent. The next trading update on November 13, 2026 will provide the next scheduled checkpoint for the insurer.

The further course of trading is shown by the continuously updated real-time quote of Aviva stock.