AVEVA Group plc Stock Rating Reaffirmed by Investec (AVV)
AVEVA Group plc (LON:AVV)‘s stock had its “buy” rating reiterated by equities research analysts at Investec in a research note issued to investors on Monday, American Banking & Market News reports. They currently have a GBX 2,900 ($47.78) price target on the stock. Investec’s price target would indicate a potential upside of 31.64% from the stock’s previous close.
AVEVA Group plc (LON:AVV) traded down 0.27% during mid-day trading on Monday, hitting GBX 2203.00. The stock had a trading volume of 150,583 shares. AVEVA Group plc has a 52-week low of GBX 2064.00 and a 52-week high of GBX 2753.0669. The stock has a 50-day moving average of GBX 2199.63 and a 200-day moving average of GBX 2405.90. The company’s market cap is £1.471 billion.
AVV has been the subject of a number of other recent research reports. Analysts at Jefferies Group downgraded shares of AVEVA Group plc to a “hold” rating in a research note to investors on Wednesday, January 22nd. They now have a GBX 2,580 ($42.51) price target on the stock, down previously from GBX 2,740 ($45.15). Separately, analysts at JPMorgan Chase & Co. upgraded shares of AVEVA Group plc to an “overweight” rating in a research note to investors on Monday, January 20th. They now have a GBX 2,450 ($40.37) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of AVEVA Group plc in a research note to investors on Tuesday, January 14th. They now have a GBX 3,150 ($51.90) price target on the stock. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 2,417.17 ($39.83).
AVEVA Group plc is a 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.
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