AVEVA Group plc (LON:AVV) Receives GBX 3,453.75 Average PT from Analysts

Shares of AVEVA Group plc (LON:AVV) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 3,453.75 ($45.13).

AVV has been the subject of several research reports. Barclays lifted their target price on shares of AVEVA Group from GBX 3,370 ($44.04) to GBX 4,100 ($53.57) and gave the company an “overweight” rating in a report on Monday, July 8th. Numis Securities reiterated an “add” rating and issued a GBX 3,700 ($48.35) target price on shares of AVEVA Group in a report on Wednesday, May 29th. HSBC lifted their target price on shares of AVEVA Group from GBX 2,685 ($35.08) to GBX 2,920 ($38.15) and gave the company a “reduce” rating in a report on Monday, June 3rd. Credit Suisse Group boosted their price target on shares of AVEVA Group from GBX 3,000 ($39.20) to GBX 3,900 ($50.96) and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Finally, UBS Group restated a “neutral” rating and issued a GBX 3,550 ($46.39) price target (up previously from GBX 3,365 ($43.97)) on shares of AVEVA Group in a research note on Wednesday, June 5th.

AVEVA Group stock traded up GBX 32 ($0.42) during trading on Tuesday, hitting GBX 3,748 ($48.97). The company had a trading volume of 105,086 shares, compared to its average volume of 221,542. AVEVA Group has a 1-year low of GBX 2,264 ($29.58) and a 1-year high of GBX 4,232 ($55.30). The company has a current ratio of 1.38, a quick ratio of 1.30 and a debt-to-equity ratio of 0.63. The company’s 50 day simple moving average is GBX 3,952.84 and its 200-day simple moving average is GBX 3,462.20. The stock has a market cap of $6.04 billion and a price-to-earnings ratio of 179.33.



The firm also recently declared a dividend, which was paid on Friday, August 2nd. Shareholders of record on Thursday, July 4th were paid a GBX 29 ($0.38) dividend. This is an increase from AVEVA Group’s previous dividend of $14.00. The ex-dividend date was Thursday, July 4th. This represents a dividend yield of 0.86%. AVEVA Group’s payout ratio is 2.06%.

In other news, insider Jennifer Allerton sold 9,300 shares of AVEVA Group stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of GBX 4,077 ($53.27), for a total transaction of £379,161 ($495,441.00). Also, insider James Kidd sold 19,795 shares of AVEVA Group stock in a transaction on Thursday, August 1st. The stock was sold at an average price of GBX 3,954 ($51.67), for a total transaction of £782,694.30 ($1,022,728.73).

AVEVA Group Company Profile

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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Analyst Recommendations for AVEVA Group (LON:AVV)

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