AVEVA Group plc (AVV) Upgraded by Barclays PLC to Overweight
Barclays PLC upgraded shares of AVEVA Group plc (LON:AVV) to an overweight rating in a research note issued to investors on Thursday. They currently have GBX 3,200 ($42.09) price target on the stock, up from their prior price target of GBX 2,800 ($36.83).
Several other research firms also recently weighed in on AVV. J P Morgan Chase & Co upgraded AVEVA Group plc to an overweight rating and lifted their target price for the company from GBX 2,800 ($36.83) to GBX 3,200 ($42.09) in a research report on Thursday. Credit Suisse Group lifted their target price on AVEVA Group plc from GBX 2,200 ($28.94) to GBX 3,000 ($39.46) and gave the company an outperform rating in a research report on Wednesday, November 15th. Goldman Sachs Group, Inc. (The) lifted their target price on AVEVA Group plc from GBX 2,400 ($31.57) to GBX 2,500 ($32.88) and gave the company a neutral rating in a research report on Wednesday, November 15th. Numis Securities Ltd lifted their target price on AVEVA Group plc from GBX 1,840 ($24.20) to GBX 2,840 ($37.35) and gave the company an add rating in a research report on Tuesday, November 14th. Finally, lifted their target price on AVEVA Group plc from GBX 1,840 ($24.20) to GBX 2,840 ($37.35) and gave the company an add rating in a research report on Tuesday, November 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of GBX 2,785.63 ($36.64).
AVEVA Group plc (LON:AVV) opened at GBX 2,591 ($34.08) on Thursday. AVEVA Group plc has a 52-week low of GBX 1,661 ($21.85) and a 52-week high of GBX 2,665 ($35.05).
In other AVEVA Group plc news, insider Christopher Humphrey acquired 1,000 shares of the stock in a transaction dated Friday, September 29th. The shares were acquired at an average cost of GBX 2,446 ($32.17) per share, for a total transaction of £24,460 ($32,171.51).
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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