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AVEVA Group plc (LON:AVV)‘s stock had its “buy” rating reaffirmed by stock analysts at Numis Securities Ltd in a report issued on Tuesday. They currently have a GBX 2,840 ($47.80) price objective on the stock. Numis Securities Ltd’s target price indicates a potential upside of 31.42% from the company’s current price.

AVEVA Group plc (LON:AVV) traded up 8.75% during mid-day trading on Tuesday, hitting GBX 2350.00. 355,351 shares of the company’s stock traded hands. AVEVA Group plc has a one year low of GBX 1893.00 and a one year high of GBX 2753.0669. The stock has a 50-day moving average of GBX 2074.32 and a 200-day moving average of GBX 2162.43. The company’s market cap is £1.569 billion.

The company also recently announced a dividend, which is scheduled for Friday, July 25th. Shareholders of record on Wednesday, June 25th will be paid a dividend of GBX 22 ($0.37) per share. This represents a dividend yield of 0.93%. The ex-dividend date is Wednesday, June 25th.

AVV has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of AVEVA Group plc in a research note on Tuesday. They now have a GBX 2,260 ($38.04) price target on the stock. Separately, analysts at Goldman Sachs raised their price target on shares of AVEVA Group plc from GBX 2,950 ($49.65) to GBX 3,000 ($50.50) in a research note on Tuesday, May 20th. They now have a “buy” rating on the stock. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 2,419.46 ($40.72).

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.

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