AVEVA Group plc’s (AVV) Add Rating Reaffirmed at Numis Securities Ltd

Numis Securities Ltd reissued their add rating on shares of AVEVA Group plc (LON:AVV) in a report published on Tuesday, May 23rd. The brokerage currently has a GBX 2,180 ($27.77) price target on the stock.

Several other analysts also recently issued reports on AVV. Berenberg Bank reissued a hold rating and issued a GBX 1,800 ($22.93) price objective on shares of AVEVA Group plc in a research note on Thursday, February 9th. Barclays PLC reissued an equal weight rating and issued a GBX 1,450 ($18.47) price objective on shares of AVEVA Group plc in a research note on Tuesday, April 11th. Finally, J P Morgan Chase & Co raised their price objective on shares of AVEVA Group plc from GBX 1,750 ($22.30) to GBX 1,950 ($24.84) and gave the stock a neutral rating in a research note on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 1,972.86 ($25.14).

Shares of AVEVA Group plc (LON AVV) traded up 0.60% during midday trading on Tuesday, reaching GBX 2010.00. 144,948 shares of the company’s stock were exchanged. The firm has a 50-day moving average of GBX 2,003.61 and a 200-day moving average of GBX 1,937.97. AVEVA Group plc has a 1-year low of GBX 1,514.00 and a 1-year high of GBX 2,149.00. The company’s market capitalization is GBX 1.29 billion.

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The company also recently announced a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, July 6th will be paid a GBX 27 ($0.34) dividend. This represents a yield of 1.39%. This is an increase from AVEVA Group plc’s previous dividend of $13.00. The ex-dividend date of this dividend is Thursday, July 6th.

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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