AVEVA Group plc Given “Hold” Rating at Jefferies Group (AVV)
AVEVA Group plc (LON:AVV)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group in a research report issued on Friday. They currently have a GBX 2,580 ($43.81) price objective on the stock. Jefferies Group’s price target would indicate a potential upside of 31.63% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse cut their price target on shares of AVEVA Group plc from GBX 2,450 ($41.60) to GBX 2,100 ($35.66) in a research note on Wednesday, July 23rd. They now have a “neutral” rating on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of AVEVA Group plc in a research note on Tuesday, July 15th. They now have a GBX 2,650 ($45.00) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of AVEVA Group plc in a research note on Tuesday, July 15th. They now have a GBX 2,500 ($42.45) price target on the stock. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 2,296.53 ($39.00).
AVEVA Group plc (LON:AVV) traded down 2.20% on Friday, hitting GBX 1960.00. The stock had a trading volume of 98,203 shares. 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 2071. and a 200-day moving average of GBX 2119.59. The company’s market cap is £1.250 billion.
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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