AVEVA Group (AVV) Stock Rating Lowered by Citigroup
AVEVA Group (LON:AVV) was downgraded by investment analysts at Citigroup to a “neutral” rating in a report issued on Monday. They currently have a GBX 2,140 ($29.57) price target on the stock. Citigroup’s price target would indicate a potential upside of 7.16% from the company’s current price.
AVV has been the topic of a number of other research reports. Numis Securities boosted their price objective on shares of AVEVA Group from GBX 2,840 ($39.24) to GBX 3,230 ($44.63) and gave the company an “add” rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 3,200 ($44.21) price objective on shares of AVEVA Group in a research report on Tuesday, February 13th. Berenberg Bank restated a “hold” rating and issued a GBX 1,900 ($26.25) price objective on shares of AVEVA Group in a research report on Wednesday, January 31st. Credit Suisse Group boosted their price objective on shares of AVEVA Group from GBX 2,200 ($30.40) to GBX 3,000 ($41.45) and gave the company an “outperform” rating in a research report on Wednesday, November 15th. Finally, Barclays upgraded shares of AVEVA Group to an “overweight” rating and set a GBX 2,900 ($40.07) price objective on the stock in a research report on Thursday, December 7th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 2,713.75 ($37.49).
AVEVA Group (LON AVV) opened at GBX 1,997 ($27.59) on Monday. AVEVA Group has a 52-week low of GBX 1,791 ($24.74) and a 52-week high of GBX 3,080 ($42.55). The stock has a market cap of $3,260.00 and a PE ratio of 6,051.52.
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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