Morgan Stanley Boosts AVEVA Group (LON:AVV) Price Target to GBX 4,125

AVEVA Group (LON:AVV) had its price objective raised by Morgan Stanley from GBX 3,775 ($46.46) to GBX 4,125 ($50.76) in a research report sent to investors on Thursday morning, Digital Look reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other equities research analysts also recently commented on the company. Jefferies Financial Group raised their target price on AVEVA Group from GBX 3,400 ($41.84) to GBX 3,900 ($47.99) and gave the company a hold rating in a report on Wednesday, June 10th. Credit Suisse Group raised their target price on AVEVA Group from GBX 4,200 ($51.69) to GBX 4,500 ($55.38) and gave the company an outperform rating in a report on Friday, June 12th. Goldman Sachs Group lifted their price objective on AVEVA Group from GBX 3,600 ($44.30) to GBX 4,100 ($50.46) and gave the stock a neutral rating in a report on Friday, June 19th. HSBC dropped their price objective on AVEVA Group from GBX 3,190 ($39.26) to GBX 3,010 ($37.04) and set a reduce rating on the stock in a report on Friday, April 24th. Finally, UBS Group restated a neutral rating and set a GBX 3,785 ($46.58) price objective (up from GBX 3,650 ($44.92)) on shares of AVEVA Group in a report on Wednesday, June 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. AVEVA Group presently has a consensus rating of Hold and a consensus price target of GBX 4,209 ($51.80).

Shares of LON:AVV opened at GBX 4,146 ($51.02) on Thursday. The company has a market cap of $6.70 billion and a P/E ratio of 96.19. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.40 and a current ratio of 1.49. AVEVA Group has a one year low of GBX 40.40 ($0.50) and a one year high of GBX 5,350 ($65.84). The business’s 50-day simple moving average is GBX 4,082.36 and its 200 day simple moving average is GBX 4,100.80.

The company also recently announced a dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Thursday, July 9th will be given a GBX 29 ($0.36) dividend. This is a positive change from AVEVA Group’s previous dividend of $15.50. The ex-dividend date of this dividend is Thursday, July 9th. This represents a dividend yield of 0.69%. AVEVA Group’s dividend payout ratio (DPR) is presently 104.41%.

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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