AVEVA Group plc (AVV) Receives GBX 2,796.88 Consensus Price Target from Brokerages
Shares of AVEVA Group plc (LON:AVV) have been given a consensus rating of “Buy” by the eight analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 2,796.88 ($38.64).
AVV has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of AVEVA Group to an “overweight” rating and upped their price target for the company from GBX 2,800 ($38.68) to GBX 3,200 ($44.21) in a research report on Thursday, November 16th. Barclays upgraded shares of AVEVA Group to an “overweight” rating and upped their price target for the company from GBX 2,800 ($38.68) to GBX 3,200 ($44.21) in a research report on Thursday, November 16th. Numis Securities restated an “add” rating and issued a GBX 3,230 ($44.63) price target on shares of AVEVA Group in a research report on Thursday, February 1st. upped their price target on shares of AVEVA Group from GBX 1,840 ($25.42) to GBX 2,840 ($39.24) and gave the company an “add” rating in a research report on Tuesday, November 14th. Finally, Goldman Sachs Group upped their price target on shares of AVEVA Group from GBX 2,400 ($33.16) to GBX 2,500 ($34.54) and gave the company a “neutral” rating in a research report on Wednesday, November 15th.
In related news, insider Rohinton (Ron) Mobed bought 3,000 shares of the business’s stock in a transaction on Friday, November 24th. The stock was bought at an average price of GBX 2,635 ($36.41) per share, for a total transaction of £79,050 ($109,215.25).
About AVEVA Group
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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