Investec Reiterates “Buy” Rating for AVEVA Group plc (AVV)
AVEVA Group plc (LON:AVV)‘s stock had its “buy” rating reaffirmed by analysts at Investec in a research report issued to clients and investors on Monday. They currently have a GBX 2,800 ($47.94) price target on the stock. Investec’s price objective would suggest a potential upside of 37.12% from the stock’s previous close.
Shares of AVEVA Group plc (LON:AVV) traded down 0.97% on Monday, hitting GBX 2042.00. 175,192 shares of the company’s stock traded hands. AVEVA Group plc has a 52 week low of GBX 1893.00 and a 52 week high of GBX 2668.00. The stock has a 50-day moving average of GBX 2158.88 and a 200-day moving average of GBX 2134.85. The company’s market cap is £1.303 billion.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of AVEVA Group plc in a research note on Tuesday, July 8th. They now have a GBX 2,100 ($35.95) price target on the stock. Separately, analysts at Societe Generale initiated coverage on shares of AVEVA Group plc in a research note on Friday, July 4th. They set a “buy” rating and a GBX 2,650 ($45.37) price target on the stock. Finally, 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 ($48.62) price target on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. AVEVA Group plc has an average rating of “Buy” and a consensus target price of GBX 2,327.53 ($39.85).
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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