AVEVA Group’s (AVV) “Hold” Rating Reaffirmed at Berenberg Bank
AVEVA Group (LON:AVV)‘s stock had its “hold” rating reaffirmed by analysts at Berenberg Bank in a research note issued to investors on Wednesday. They currently have a GBX 1,900 ($26.68) target price on the stock. Berenberg Bank’s price target suggests a potential downside of 36.41% from the stock’s previous close.
A number of other research analysts have also recently weighed in on the stock. Credit Suisse Group lifted their price target on shares of AVEVA Group from GBX 2,200 ($30.89) to GBX 3,000 ($42.13) and gave the company an “outperform” rating in a research report on Wednesday, November 15th. Barclays upgraded shares of AVEVA Group to an “overweight” rating and lifted their price objective for the company from GBX 2,800 ($39.32) to GBX 3,200 ($44.94) in a research note on Thursday, November 16th. JPMorgan Chase & Co. upgraded shares of AVEVA Group to an “overweight” rating and lifted their price objective for the company from GBX 2,800 ($39.32) to GBX 3,200 ($44.94) in a research note on Thursday, November 16th. Goldman Sachs Group lifted their price objective on shares of AVEVA Group from GBX 2,400 ($33.70) to GBX 2,500 ($35.11) and gave the company a “neutral” rating in a research note on Wednesday, November 15th. Finally, Citigroup reiterated a “buy” rating and set a GBX 2,805 ($39.39) price objective on shares of AVEVA Group in a research note on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. AVEVA Group presently has an average rating of “Buy” and a consensus price target of GBX 2,796.88 ($39.28).
AVEVA Group (AVV) opened at GBX 2,988 ($41.96) on Wednesday. The firm has a market cap of $1,910.00 and a P/E ratio of 9,054.55. AVEVA Group has a 12-month low of GBX 1,843 ($25.88) and a 12-month high of GBX 3,080 ($43.25).
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AVEVA Group Company Profile
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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