AVEVA Group plc (AVV) Receives Average Recommendation of “Hold” from Analysts
AVEVA Group plc (LON:AVV) has been assigned an average rating of “Hold” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 2,352.50 ($31.04).
Several research firms recently weighed in on AVV. Credit Suisse Group reiterated an “outperform” rating on shares of AVEVA Group plc in a research note on Friday, July 21st. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 1,950 ($25.73) price objective on shares of AVEVA Group plc in a research note on Monday, July 10th. Barclays PLC reiterated an “equal weight” rating on shares of AVEVA Group plc in a research note on Thursday, October 12th. Goldman Sachs Group, Inc. (The) upgraded shares of AVEVA Group plc to a “neutral” rating and increased their price objective for the stock from GBX 1,850 ($24.41) to GBX 2,400 ($31.67) in a research note on Wednesday, September 20th. Finally, Berenberg Bank increased their price objective on shares of AVEVA Group plc from GBX 1,800 ($23.75) to GBX 1,900 ($25.07) and gave the stock a “hold” rating in a research note on Thursday, August 24th.
AVEVA Group plc (AVV) opened at 2523.00 on Wednesday. The company’s 50 day moving average price is GBX 2,447.32 and its 200-day moving average price is GBX 2,119.89. The stock’s market cap is GBX 1.61 billion. AVEVA Group plc has a 12-month low of GBX 1,655.00 and a 12-month high of GBX 2,542.00.
In other news, insider Christopher Humphrey bought 1,000 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was purchased at an average price of GBX 2,446 ($32.28) per share, for a total transaction of £24,460 ($32,277.65).
AVEVA Group plc Company Profile
AVEVA Group plc is a holding company. The Company provides engineering, design and information management software. It operates in three segments: Asia Pacific, Americas, and Europe, Middle East and Africa (EMEA). Its engineer products include AVEVA Diagrams, AVEVA Electrical, AVEVA Engineering and AVEVA Instrumentation.
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