AVEVA Group plc (LON:AVV) Receives Consensus Recommendation of “Hold” from Analysts
AVEVA Group plc (LON:AVV) has been given an average recommendation of “Hold” by the thirteen analysts that are currently covering the firm. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,625 ($21.21).
A number of analysts recently commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of AVEVA Group plc in a report on Tuesday, June 14th. Barclays PLC reissued an “equal weight” rating and issued a GBX 1,450 ($18.93) target price on shares of AVEVA Group plc in a research report on Thursday, June 30th. Berenberg Bank downgraded shares of AVEVA Group plc to a “hold” rating and set a GBX 1,800 ($23.50) target price on the stock. in a research report on Tuesday, June 14th. Panmure Gordon downgraded shares of AVEVA Group plc to a “hold” rating and dropped their target price for the stock from GBX 2,200 ($28.72) to GBX 1,675 ($21.86) in a research report on Wednesday, June 15th. Finally, Beaufort Securities reissued a “buy” rating on shares of AVEVA Group plc in a research report on Monday, July 11th.
AVEVA Group plc (LON:AVV) traded up 2.30% during trading on Monday, reaching GBX 2042.00. 96,637 shares of the company’s stock were exchanged. The company’s 50 day moving average price is GBX 1,952.81 and its 200-day moving average price is GBX 1,739.67. The stock’s market capitalization is GBX 1.31 billion. AVEVA Group plc has a 52 week low of GBX 1,221.00 and a 52 week high of GBX 2,350.00.
About AVEVA Group plc
AVEVA Group plc is a United Kingdom-based holding company. The Company, along with its subsidiaries, is engaged in the marketing and development of computer software and services for engineering and related solutions. It provides engineering, design and information management solutions to the process plant, power and marine industries.
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