Barclays Upgrades AVEVA Group (AVV) to Overweight
AVEVA Group (LON:AVV) was upgraded by investment analysts at Barclays to an “overweight” rating in a note issued to investors on Thursday. The firm presently has a GBX 2,900 ($39.03) price objective on the stock. Barclays’ price objective indicates a potential upside of 7.17% from the company’s current price.
Several other equities analysts have also issued reports on AVV. Berenberg Bank boosted their price target on AVEVA Group from GBX 1,800 ($24.23) to GBX 1,900 ($25.57) and gave the company a “hold” rating in a research note on Thursday, August 24th. J P Morgan Chase & Co boosted their price objective on shares of AVEVA Group from GBX 1,950 ($26.24) to GBX 2,800 ($37.69) and gave the stock a “neutral” rating in a research report on Wednesday, September 6th. Goldman Sachs Group upgraded shares of AVEVA Group to a “neutral” rating and boosted their price objective for the stock from GBX 1,850 ($24.90) to GBX 2,400 ($32.30) in a research report on Wednesday, September 20th. boosted their price objective on shares of AVEVA Group from GBX 1,840 ($24.76) to GBX 2,840 ($38.22) and gave the stock an “add” rating in a research report on Tuesday, November 14th. Finally, Numis Securities upped their target price on shares of AVEVA Group from GBX 1,840 ($24.76) to GBX 2,840 ($38.22) and gave the company an “add” rating in a research report on Tuesday, November 14th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 2,748.13 ($36.99).
AVEVA Group (LON AVV) opened at GBX 2,706 ($36.42) on Thursday. AVEVA Group has a 12 month low of GBX 1,725 ($23.22) and a 12 month high of GBX 2,728 ($36.72).
In other AVEVA Group news, insider Christopher Humphrey acquired 1,000 shares of AVEVA Group stock in a transaction dated Friday, September 29th. The stock was bought at an average cost of GBX 2,446 ($32.92) per share, for a total transaction of £24,460 ($32,920.59). Also, insider Rohinton (Ron) Mobed bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was purchased at an average price of GBX 2,635 ($35.46) per share, with a total value of £79,050 ($106,393.00).
ILLEGAL ACTIVITY NOTICE: This report was first posted by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.watchlistnews.com/barclays-upgrades-aveva-group-avv-to-overweight/1753205.html.
AVEVA Group Company Profile
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.
Receive News & Ratings for AVEVA Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AVEVA Group plc and related companies with Analyst Ratings Network's FREE daily email newsletter.