AVEVA Group plc (LON:AVV) has been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 4,297.50 ($56.15).
A number of equities analysts have weighed in on AVV shares. Numis Securities reissued a “buy” rating and set a GBX 4,000 ($52.26) price objective on shares of AVEVA Group in a research note on Tuesday, May 25th. Barclays raised AVEVA Group to an “overweight” rating and upped their price target for the company from GBX 3,730 ($48.73) to GBX 4,060 ($53.04) in a research note on Thursday, May 27th.
In other AVEVA Group news, insider James Kidd sold 3,155 shares of the company’s stock in a transaction dated Tuesday, July 6th. The stock was sold at an average price of GBX 3,886 ($50.77), for a total transaction of £122,603.30 ($160,182.00). Also, insider Peter Herweck purchased 13,500 shares of the business’s stock in a transaction on Tuesday, June 1st. The shares were bought at an average price of GBX 3,548 ($46.35) per share, for a total transaction of £478,980 ($625,790.44).
The firm also recently declared a dividend, which will be paid on Wednesday, August 4th. Stockholders of record on Thursday, July 8th will be paid a GBX 23.50 ($0.31) dividend. This represents a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, July 8th. This is a positive change from AVEVA Group’s previous dividend of $15.50. AVEVA Group’s dividend payout ratio is 3.43%.
AVEVA Group Company Profile
AVEVA Group plc, through its subsidiaries, provides engineering and industrial software solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company offers engineering, procurement, and construction; asset performance management; monitoring and control; planning and scheduling; and operation and optimization industrial software solutions.
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