Barclays Reiterates Equal weight Rating for AVEVA Group plc (AVV)
AVEVA Group plc (LON:AVV)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Barclays in a report issued on Tuesday. They currently have a GBX 2,100 ($36.02) price target on the stock. Barclays’ price target indicates a potential downside of 1.22% from the stock’s previous close.
Shares of AVEVA Group plc (LON:AVV) traded down 0.65% during mid-day trading on Tuesday, hitting GBX 2126.00. The stock had a trading volume of 159,447 shares. AVEVA Group plc has a one year low of GBX 1893.00 and a one year high of GBX 2748.80. The stock’s 50-day moving average is GBX 2165. and its 200-day moving average is GBX 2137.37. The company’s market cap is £1.356 billion.
The company also recently announced a dividend, which is scheduled for Friday, July 25th. Stockholders of record on Wednesday, June 25th will be paid a dividend of GBX 22 ($0.38) per share. This represents a dividend yield of 0.93%. The ex-dividend date is Wednesday, June 25th.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale initiated coverage on shares of AVEVA Group plc in a research note on Friday. They set a “buy” rating and a GBX 2,650 ($45.45) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of AVEVA Group plc in a research note on Tuesday, July 1st. They now have a GBX 2,840 ($48.71) price target on the stock. Finally, analysts at Liberum Capital upgraded shares of AVEVA Group plc to a “hold” rating in a research note on Monday, June 30th. They now have a GBX 2,000 ($34.31) price target on the stock. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. AVEVA Group plc currently has a consensus rating of “Buy” and a consensus price target of GBX 2,286.20 ($39.21).
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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