AVEVA Group plc (AVV) Stock Rating Reaffirmed by JPMorgan Chase & Co.
AVEVA Group plc (LON:AVV)‘s stock had its “neutral” rating reissued by research analysts at JPMorgan Chase & Co. in a report released on Wednesday. They presently have a GBX 1,950 ($25.37) target price on the stock. JPMorgan Chase & Co.’s price objective indicates a potential downside of 1.27% from the company’s previous close.
A number of other research analysts have also recently weighed in on AVV. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,800 ($23.42) price target on shares of AVEVA Group plc in a research report on Thursday, February 9th. Barclays PLC reissued an “equal weight” rating and set a GBX 1,450 ($18.86) target price on shares of AVEVA Group plc in a research report on Tuesday, April 11th. Finally, Numis Securities Ltd reissued an “add” rating and set a GBX 2,180 ($28.36) target price on shares of AVEVA Group plc in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. AVEVA Group plc presently has a consensus rating of “Hold” and an average price target of GBX 1,881.67 ($24.48).
AVEVA Group plc (LON:AVV) traded up 1.54% during mid-day trading on Wednesday, hitting GBX 1975.00. 351,866 shares of the stock were exchanged. The company’s market cap is GBX 1.26 billion. AVEVA Group plc has a one year low of GBX 1,481.00 and a one year high of GBX 2,149.00. The company has a 50-day moving average price of GBX 2,004.29 and a 200-day moving average price of GBX 1,900.21.
The business also recently declared a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, July 6th will be paid a GBX 27 ($0.35) dividend. This represents a dividend yield of 1.39%. The ex-dividend date is Thursday, July 6th. This is a positive change from AVEVA Group plc’s previous dividend of $13.00.
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About AVEVA Group plc
AVEVA Group plc is a holding company. The Company provides engineering, design and information management software. It operates in three segments: Asia Pacific, Americas, and Europe, Middle East and Africa (EMEA). Its engineer products include AVEVA Diagrams, AVEVA Electrical, AVEVA Engineering and AVEVA Instrumentation.
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