Berenberg Bank Raises AVEVA Group (LON:AVV) Price Target to GBX 3,800

AVEVA Group (LON:AVV) had its price objective hoisted by Berenberg Bank from GBX 2,800 ($36.59) to GBX 3,800 ($49.65) in a report released on Wednesday morning, ThisIsMoney.Co.Uk reports. Berenberg Bank currently has a hold rating on the stock.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of AVEVA Group from GBX 3,550 ($46.39) to GBX 4,200 ($54.88) and gave the company an overweight rating in a report on Friday, October 25th. Barclays reiterated an overweight rating on shares of AVEVA Group in a report on Thursday, October 10th. Finally, UBS Group reiterated a neutral rating on shares of AVEVA Group in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. AVEVA Group presently has a consensus rating of Hold and an average price target of GBX 3,786.88 ($49.48).

Shares of AVEVA Group stock traded down GBX 32 ($0.42) on Wednesday, hitting GBX 4,374 ($57.15). The company had a trading volume of 291,039 shares, compared to its average volume of 221,542. The business has a 50-day simple moving average of GBX 3,971.08 and a 200-day simple moving average of GBX 3,791. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.38 and a quick ratio of 1.30. The company has a market cap of $7.06 billion and a PE ratio of 209.28. AVEVA Group has a 52 week low of GBX 2,264 ($29.58) and a 52 week high of GBX 4,444 ($58.07).

The firm also recently announced a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a dividend of GBX 15.50 ($0.20) per share. This represents a yield of 0.35%. The ex-dividend date is Thursday, January 9th. AVEVA Group’s dividend payout ratio is presently 2.06%.

About AVEVA Group

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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