Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a245642

JP Morgan downgrades insurers

by Andrew Zilouf on Jan 30, 2003 at 13:46

JP Morgan has downgraded Aviva, Friends Provident and Legal & General from neutral to underweight.

It has cut fair values prices for Aviva (AV.) by 125p to 400p, Friends Provident (FP.) by 69p to 91p, Legal & General (LGEN) by 45p to 75p, Prudential (PRU) by 180p to 320p, neutral-rated Abbey National (ANL) by 75p to 425p, overweight-rated HBOS (HBOS) by 40p to 775p, underweight-rated Lloyds TSB (LLOY) by 50p to 450p. The last three are banks which own substantial insurance operations.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the shares

  • Aviva PLC (AV.)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Friends Provident PLC (FP.)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Legal & General Group PLC (LGEN)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Prudential PLC (PRU)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • (ANL)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • HBOS PLC (HBOS)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Lloyds TSB Group PLC (LLOY)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet