AVEVA Group plc (AVV) Insider Buys £102,770 in Stock

AVEVA Group plc (LON:AVV) insider Jennifer Allerton bought 4,300 shares of AVEVA Group stock in a transaction that occurred on Thursday, December 6th. The stock was bought at an average cost of GBX 2,390 ($31.23) per share, for a total transaction of £102,770 ($134,287.21).

AVV stock opened at GBX 2,370 ($30.97) on Friday. AVEVA Group plc has a 1 year low of GBX 1,791 ($23.40) and a 1 year high of GBX 3,080 ($40.25).

The business also recently announced a dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 3rd will be paid a GBX 14 ($0.18) dividend. This represents a yield of 0.56%. The ex-dividend date of this dividend is Thursday, January 3rd.

A number of research firms recently issued reports on AVV. Numis Securities raised AVEVA Group to a “buy” rating and upped their target price for the company from GBX 3,220 ($42.08) to GBX 3,400 ($44.43) in a research note on Wednesday, September 19th. Citigroup upped their target price on AVEVA Group from GBX 2,800 ($36.59) to GBX 2,860 ($37.37) and gave the company a “neutral” rating in a research note on Friday, September 21st. UBS Group reaffirmed a “neutral” rating and issued a GBX 2,970 ($38.81) target price (up previously from GBX 2,850 ($37.24)) on shares of AVEVA Group in a research note on Friday, September 21st. Barclays raised AVEVA Group to an “overweight” rating and upped their target price for the company from GBX 2,800 ($36.59) to GBX 3,150 ($41.16) in a research note on Thursday, September 20th. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of AVEVA Group in a research note on Monday, September 17th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 2,905 ($37.96).

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AVEVA Group Company Profile

AVEVA Group plc operates as an industrial design and management software company in the Asia-Pacific, Europe, the Middle East and Africa, and Americas. The company offers solutions for brownfield modification, contract management, enterprise resource management, information management, integrated engineering and design, integrated shipbuilding, and steel fabrication, as well as laser and cloud solutions.

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