AVEVA Group plc (AVV) Stock Rating Reaffirmed by Barclays PLC
AVEVA Group plc (LON:AVV)‘s stock had its “equal weight” rating restated by equities researchers at Barclays PLC in a note issued to investors on Monday. They currently have a GBX 1,450 ($17.67) target price on the stock. Barclays PLC’s price target would suggest a potential downside of 27.50% from the stock’s previous close.
Several other analysts have also recently issued reports on AVV. JPMorgan Chase & Co. increased their target price on AVEVA Group plc from GBX 1,550 ($18.89) to GBX 1,750 ($21.33) and gave the company a “neutral” rating in a research report on Tuesday, July 12th. Beaufort Securities reaffirmed a “buy” rating on shares of AVEVA Group plc in a research report on Monday, July 11th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 1,910 ($23.28) target price on shares of AVEVA Group plc in a research report on Friday, July 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 1,625 ($19.80).
Shares of AVEVA Group plc (LON:AVV) opened at 2007.00 on Monday. The company’s market cap is GBX 1.28 billion. The company has a 50 day moving average price of GBX 1,982.05 and a 200 day moving average price of GBX 1,782.38. AVEVA Group plc has a one year low of GBX 1,221.00 and a one year high of GBX 2,350.00.
About AVEVA Group plc
AVEVA Group plc is a United Kingdom-based holding company. The Company, along with its subsidiaries, is engaged in the marketing and development of computer software and services for engineering and related solutions. It provides engineering, design and information management solutions to the process plant, power and marine industries.
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