AVEVA Group (LON:AVV) Receives “Neutral” Rating from UBS Group
UBS Group reiterated their neutral rating on shares of AVEVA Group (LON:AVV) in a research report released on Friday, Stock Target Advisor reports. The brokerage currently has a GBX 4,465 ($58.73) price target on the stock, up from their previous price target of GBX 4,365 ($57.42).
Several other brokerages have also recently issued reports on AVV. Bank of America upped their price objective on shares of AVEVA Group from GBX 4,900 ($64.46) to GBX 5,400 ($71.03) and gave the company a buy rating in a research note on Friday, January 10th. JPMorgan Chase & Co. upped their price objective on shares of AVEVA Group from GBX 4,300 ($56.56) to GBX 5,200 ($68.40) and gave the company an overweight rating in a research note on Monday, January 13th. Barclays reaffirmed an overweight rating and set a GBX 4,700 ($61.83) price objective on shares of AVEVA Group in a research note on Friday, January 10th. Goldman Sachs Group upped their price objective on shares of AVEVA Group from GBX 4,700 ($61.83) to GBX 5,200 ($68.40) and gave the company a neutral rating in a research note on Friday, January 24th. Finally, Morgan Stanley upped their price objective on shares of AVEVA Group from GBX 4,525 ($59.52) to GBX 4,750 ($62.48) and gave the company an equal weight rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. AVEVA Group presently has an average rating of Hold and a consensus price target of GBX 4,403.50 ($57.93).
LON AVV traded down GBX 54 ($0.71) during trading hours on Friday, hitting GBX 4,388 ($57.72). 604,258 shares of the company’s stock traded hands, compared to its average volume of 221,542. AVEVA Group has a 52-week low of GBX 2,932 ($38.57) and a 52-week high of GBX 5,350 ($70.38). The company has a market capitalization of $7.09 billion and a PE ratio of 123.26. The company has a debt-to-equity ratio of 4.73, a current ratio of 1.31 and a quick ratio of 1.22. The firm’s 50-day moving average is GBX 5,009.90 and its 200-day moving average is GBX 4,347.16.
AVEVA Group Plc, through its subsidiaries, provides engineering and industrial software for process and hybrid industries in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. It provides solutions covering various aspects of the asset life cycle, including conceptual modeling and 3D design, process simulation, optimization, and manufacturing operations management.
Featured Story: What is the definition of a trade war?
Receive News & Ratings for AVEVA Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AVEVA Group and related companies with MarketBeat.com's FREE daily email newsletter.