AVEVA Group (LON:AVV) was downgraded by equities research analysts at Citigroup to a “neutral” rating in a note issued to investors on Monday. They presently have a GBX 2,140 ($29.57) price objective on the stock. Citigroup’s price objective would suggest a potential upside of 5.42% from the company’s current price.
Several other research analysts have also issued reports on AVV. increased their price target on shares of AVEVA Group from GBX 1,840 ($25.42) to GBX 2,840 ($39.24) and gave the stock an “add” rating in a research note on Tuesday, November 14th. Numis Securities raised their price objective on shares of AVEVA Group from GBX 1,840 ($25.42) to GBX 2,840 ($39.24) and gave the company an “add” rating in a research note on Tuesday, November 14th. Barclays upgraded shares of AVEVA Group to an “overweight” rating and set a GBX 2,900 ($40.07) price objective for the company in a research note on Thursday, December 7th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,800 ($38.68) price objective on shares of AVEVA Group in a research note on Wednesday, November 15th. Finally, Goldman Sachs Group raised their price objective on shares of AVEVA Group from GBX 2,400 ($33.16) to GBX 2,500 ($34.54) and gave the company a “neutral” rating in a research note on Wednesday, November 15th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 2,713.75 ($37.49).
Shares of AVEVA Group (LON AVV) traded down GBX 30 ($0.41) during trading on Monday, hitting GBX 2,030 ($28.05). 251,742 shares of the company traded hands, compared to its average volume of 209,915. The company has a market cap of $3,270.00 and a price-to-earnings ratio of 6,151.52. AVEVA Group has a 52 week low of GBX 1,791 ($24.74) and a 52 week high of GBX 3,080 ($42.55).
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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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