AVEVA Group plc (AVV) Receives GBX 2,352.50 Consensus Price Target from Analysts
AVEVA Group plc (LON:AVV) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 2,352.50 ($31.04).
A number of research analysts have commented on the stock. Barclays PLC restated an “equal weight” rating on shares of AVEVA Group plc in a research note on Thursday, October 12th. Citigroup Inc restated a “buy” rating and set a GBX 2,805 ($37.02) price target on shares of AVEVA Group plc in a research note on Thursday, October 12th. J P Morgan Chase & Co raised their price target on shares of AVEVA Group plc from GBX 1,950 ($25.73) to GBX 2,800 ($36.95) and gave the stock a “neutral” rating in a research note on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) upgraded shares of AVEVA Group plc to a “neutral” rating and raised their price target for the stock from GBX 1,850 ($24.41) to GBX 2,400 ($31.67) in a research note on Wednesday, September 20th. Finally, Credit Suisse Group restated an “outperform” rating on shares of AVEVA Group plc in a research note on Friday, July 21st.
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In other news, insider Christopher Humphrey acquired 1,000 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was bought at an average price of GBX 2,446 ($32.28) per share, with a total value of £24,460 ($32,277.65).
Shares of AVEVA Group plc (AVV) traded up GBX 27 ($0.36) during trading on Wednesday, reaching GBX 2,592 ($34.20). 52,807 shares of the company’s stock were exchanged.
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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