AVEVA Group (LON:AVV)‘s stock had its “neutral” rating restated by equities researchers at UBS Group in a research report issued to clients and investors on Wednesday, June 5th, ThisIsMoney.Co.Uk reports. They currently have a GBX 3,550 ($46.39) target price on the stock, up from their previous target price of GBX 3,365 ($43.97). UBS Group’s price target points to a potential downside of 12.17% from the stock’s current price.
Several other research firms also recently commented on AVV. HSBC upped their price target on shares of AVEVA Group from GBX 2,500 ($32.67) to GBX 2,685 ($35.08) and gave the company a “reduce” rating in a research note on Friday, April 26th. Barclays increased their price objective on shares of AVEVA Group from GBX 2,740 ($35.80) to GBX 3,370 ($44.04) and gave the stock an “overweight” rating in a research note on Friday, April 12th. Credit Suisse Group increased their price objective 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. Goldman Sachs Group increased their price objective on shares of AVEVA Group from GBX 2,950 ($38.55) to GBX 3,200 ($41.81) and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Finally, Numis Securities reiterated an “add” rating and set a GBX 3,700 ($48.35) price objective on shares of AVEVA Group in a research note on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. AVEVA Group presently has a consensus rating of “Hold” and a consensus price target of GBX 3,362.50 ($43.94).
Shares of AVV stock traded up GBX 44 ($0.57) on Wednesday, hitting GBX 4,042 ($52.82). The company’s stock had a trading volume of 322,456 shares, compared to its average volume of 221,542. 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 business has a 50 day simple moving average of GBX 3,661.48. AVEVA Group has a fifty-two week low of GBX 2,264 ($29.58) and a fifty-two week high of GBX 4,102 ($53.60). The company has a market cap of $6.52 billion and a P/E ratio of 193.40.
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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