AVEVA Group plc (LON:AVV) had its target price upped by investment analysts at Numis Securities Ltd from GBX 1,840 ($24.20) to GBX 2,840 ($37.35) in a research note issued to investors on Tuesday. The firm presently has an “add” rating on the stock. Numis Securities Ltd’s target price indicates a potential upside of 11.05% from the stock’s current price.
Several other analysts have also weighed in on AVV. Credit Suisse Group reiterated an “outperform” rating on shares of AVEVA Group plc in a research report on Friday, July 21st. Berenberg Bank lifted their target price on shares of AVEVA Group plc from GBX 1,800 ($23.67) to GBX 1,900 ($24.99) and gave the company a “hold” rating in a research report on Thursday, August 24th. J P Morgan Chase & Co lifted their target price on shares of AVEVA Group plc from GBX 1,950 ($25.65) to GBX 2,800 ($36.83) and gave the company a “neutral” rating in a research report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) upgraded shares of AVEVA Group plc to a “neutral” rating and lifted their target price for the company from GBX 1,850 ($24.33) to GBX 2,400 ($31.57) in a research report on Wednesday, September 20th. Finally, Citigroup Inc. reissued a “buy” rating and set a GBX 2,805 ($36.89) price target on shares of AVEVA Group plc in a report on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. AVEVA Group plc has a consensus rating of “Hold” and an average price target of GBX 2,340.63 ($30.79).
Shares of AVEVA Group plc (LON:AVV) opened at GBX 2,557.50 ($33.64) on Tuesday. AVEVA Group plc has a 12-month low of GBX 1,655 ($21.77) and a 12-month high of GBX 2,620.50 ($34.47).
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In other news, insider Christopher Humphrey purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was purchased at an average cost of GBX 2,446 ($32.17) per share, with a total value of £24,460 ($32,171.51).
AVEVA Group plc Company Profile
AVEVA Group plc is a holding company. The Company provides engineering, design and information management software. It operates in three segments: Asia Pacific, Americas, and Europe, Middle East and Africa (EMEA). Its engineer products include AVEVA Diagrams, AVEVA Electrical, AVEVA Engineering and AVEVA Instrumentation.
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