AVEVA Group plc (AVV) PT Raised to GBX 2,500 at The Goldman Sachs Group, Inc.
AVEVA Group plc (LON:AVV) had its price target increased by equities research analysts at The Goldman Sachs Group, Inc. from GBX 2,400 ($31.57) to GBX 2,500 ($32.88) in a report released on Wednesday. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group, Inc.’s price target would indicate a potential downside of 3.40% from the company’s current price.
A number of other equities research analysts also recently issued reports on the stock. J P Morgan Chase & Co increased their price target on shares of AVEVA Group plc from GBX 1,950 ($25.65) to GBX 2,800 ($36.83) and gave the stock a “neutral” rating in a report on Wednesday, September 6th. Berenberg Bank increased their price target on shares of AVEVA Group plc from GBX 1,800 ($23.67) to GBX 1,900 ($24.99) and gave the company a “hold” rating in a research report on Thursday, August 24th. Barclays PLC reiterated an “equal weight” rating on shares of AVEVA Group plc in a research report on Thursday, October 12th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 2,805 ($36.89) price target on shares of AVEVA Group plc in a report on Thursday, October 12th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of AVEVA Group plc in a research report on Friday, July 21st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 2,785.63 ($36.64).
AVEVA Group plc (LON AVV) traded down GBX 18 ($0.24) on Wednesday, reaching GBX 2,588 ($34.04). 41,143 shares of the company traded hands, compared to its average volume of 128,340. AVEVA Group plc has a one year low of GBX 1,661 ($21.85) and a one year high of GBX 2,665 ($35.05).
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In related news, insider Christopher Humphrey bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were purchased at an average cost of GBX 2,446 ($32.17) per share, with a total value of £24,460 ($32,171.51).
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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