Aviva – Buy

We feel the company has many catalysts that could see the share price rise substantially over the next twelve months. At just 415p, the stock is cheap trading on a forward P/E multiple of just 6.9x and at a substantial discount to its EEV of 487p per share. In the meantime, investors are rewarded with a well-covered yield of 6.2%. Option traders may want to look at the August 380 or 400 puts, trading at 4p and 9p respectively.