AVEVA Group plc (AVV) Given Consensus Rating of “Buy” by Brokerages

Shares of AVEVA Group plc (LON:AVV) have earned an average rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 3,130 ($40.90).

A number of equities analysts recently issued reports on the company. UBS Group reaffirmed a “neutral” rating and issued a GBX 2,850 ($37.24) price target on shares of AVEVA Group in a report on Tuesday, September 11th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of AVEVA Group in a report on Wednesday, September 12th. Berenberg Bank reaffirmed a “hold” rating on shares of AVEVA Group in a report on Monday, September 17th. Numis Securities raised AVEVA Group to a “buy” rating and upped their price target for the company from GBX 3,220 ($42.08) to GBX 3,400 ($44.43) in a report on Wednesday, September 19th. Finally, Barclays raised AVEVA Group to an “overweight” rating and upped their price target for the company from GBX 2,800 ($36.59) to GBX 3,150 ($41.16) in a report on Thursday, September 20th.

In other AVEVA Group news, insider James Kidd purchased 2,618 shares of the stock in a transaction that occurred on Friday, November 23rd. The stock was purchased at an average cost of GBX 2,387 ($31.19) per share, with a total value of £62,491.66 ($81,656.42).

AVEVA Group stock opened at GBX 2,386 ($31.18) on Thursday. AVEVA Group has a twelve month low of GBX 1,791 ($23.40) and a twelve month high of GBX 3,080 ($40.25).

The firm also recently declared a dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 3rd will be issued a GBX 14 ($0.18) dividend. This represents a yield of 0.56%. The ex-dividend date of this dividend is Thursday, January 3rd.

AVEVA Group Company Profile

AVEVA Group plc operates as an industrial design and management software company in the Asia-Pacific, Europe, the Middle East and Africa, and Americas. The company offers solutions for brownfield modification, contract management, enterprise resource management, information management, integrated engineering and design, integrated shipbuilding, and steel fabrication, as well as laser and cloud solutions.

Recommended Story: Closed-End Mutual Funds (CEFs)

Analyst Recommendations for AVEVA Group (LON:AVV)

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.

Leave a Reply