AVEVA Group plc (AVV) Given “Buy” Rating at Citigroup Inc.
AVEVA Group plc (LON:AVV)‘s stock had its “buy” rating restated by stock analysts at Citigroup Inc. in a research report issued to clients and investors on Monday. They presently have a GBX 2,080 ($25.76) target price on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 23.50% from the company’s current price.
A number of other brokerages have also commented on AVV. Numis Securities Ltd restated an “add” rating and set a GBX 2,050 ($25.39) price objective on shares of AVEVA Group plc in a report on Wednesday, November 9th. Credit Suisse Group AG raised their price objective on shares of AVEVA Group plc from GBX 1,800 ($22.30) to GBX 1,900 ($23.54) and gave the stock an “outperform” rating in a report on Thursday. Beaufort Securities lowered shares of AVEVA Group plc to a “hold” rating in a report on Wednesday, November 9th. Finally, Barclays PLC restated an “equal weight” rating and set a GBX 1,450 ($17.96) price objective on shares of AVEVA Group plc in a report on Monday, October 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. AVEVA Group plc has an average rating of “Hold” and an average target price of GBX 1,661.25 ($20.58).
AVEVA Group plc (LON:AVV) opened at 1695.00 on Monday. AVEVA Group plc has a 12 month low of GBX 1,221.00 and a 12 month high of GBX 2,350.00. The stock’s 50 day moving average is GBX 1,922.95 and its 200-day moving average is GBX 1,813.69. The firm’s market cap is GBX 1.08 billion.
The company also recently disclosed a dividend, which will be paid on Friday, February 3rd. Stockholders of record on Thursday, January 5th will be given a GBX 13 ($0.16) dividend. This represents a dividend yield of 0.73%. The ex-dividend date is Thursday, January 5th.
About AVEVA Group plc
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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