AVEVA Group plc (AVV) Given Average Rating of “Hold” by Brokerages
AVEVA Group plc (LON:AVV) has been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 2,892.86 ($37.80).
Several analysts have recently commented on the stock. Barclays dropped their price objective on shares of AVEVA Group from GBX 3,150 ($41.16) to GBX 2,740 ($35.80) and set an “overweight” rating on the stock in a report on Wednesday, January 9th. Goldman Sachs Group raised their target price on shares of AVEVA Group from GBX 2,950 ($38.55) to GBX 3,200 ($41.81) and gave the stock a “neutral” rating in a report on Thursday, March 14th. UBS Group restated a “neutral” rating and set a GBX 2,550 ($33.32) target price (down from GBX 2,970 ($38.81)) on shares of AVEVA Group in a research report on Friday, January 11th. HSBC assumed coverage on shares of AVEVA Group in a research report on Tuesday, February 12th. They set a “reduce” rating and a GBX 2,500 ($32.67) target price for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of AVEVA Group from GBX 3,150 ($41.16) to GBX 3,000 ($39.20) and set an “overweight” rating on the stock in a report on Thursday, January 10th.
AVV opened at GBX 3,230 ($42.21) on Wednesday. AVEVA Group has a 1-year low of GBX 1,946 ($25.43) and a 1-year high of GBX 3,408 ($44.53). The company has a quick ratio of 1.16, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $5.20 billion and a price-to-earnings ratio of 123.75.
AVEVA Group Plc, through its subsidiaries, provides engineering and industrial software for process and hybrid industries in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. It provides solutions covering various aspects of the asset life cycle, including conceptual modeling and 3D design, process simulation, optimization, and manufacturing operations management.
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