AVEVA Group plc Receives “Buy” Rating from Berenberg Bank (AVV)
AVEVA Group plc (LON:AVV)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a report issued on Tuesday. They currently have a GBX 2,500 ($42.80) target price on the stock. Berenberg Bank’s price objective suggests a potential upside of 22.85% from the stock’s previous close.
AVEVA Group plc (LON:AVV) traded down 0.34% on Tuesday, hitting GBX 2035.00. 193,903 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 2668.00. The stock’s 50-day moving average is GBX 2155. and its 200-day moving average is GBX 2133.. The company’s market cap is £1.298 billion.
A number of other analysts have also recently weighed in on AVV. Analysts at Credit Suisse reiterated a “neutral” rating on shares of AVEVA Group plc in a research note on Monday. They now have a GBX 2,450 ($41.94) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of AVEVA Group plc in a research note on Monday. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of AVEVA Group plc in a research note on Monday. They now have a GBX 2,249 ($38.50) price target on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target 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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