AVEVA Group plc (AVV) Given Average Rating of “Buy” by Analysts

Shares of AVEVA Group plc (LON:AVV) have received an average rating of “Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 2,748.13 ($36.99).

Several brokerages have issued reports on AVV. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 2,800 ($37.69) target price on shares of AVEVA Group in a research note on Wednesday, November 15th. Credit Suisse Group upped their target price on AVEVA Group from GBX 2,200 ($29.61) to GBX 3,000 ($40.38) and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. Barclays raised AVEVA Group to an “overweight” rating and set a GBX 2,900 ($39.03) target price for the company in a research note on Thursday, December 7th. Goldman Sachs Group boosted their price objective on AVEVA Group from GBX 2,400 ($32.30) to GBX 2,500 ($33.65) and gave the company a “neutral” rating in a research report on Wednesday, November 15th. Finally, Numis Securities boosted their price objective on AVEVA Group from GBX 1,840 ($24.76) to GBX 2,840 ($38.22) and gave the company an “add” rating in a research report on Tuesday, November 14th.

Shares of AVEVA Group (LON:AVV) opened at GBX 2,751 ($37.03) on Thursday. AVEVA Group has a 52-week low of GBX 1,797 ($24.19) and a 52-week high of GBX 2,780 ($37.42).

In other AVEVA Group news, insider Christopher Humphrey bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was bought at an average price of GBX 2,446 ($32.92) per share, for a total transaction of £24,460 ($32,920.59). Also, insider Rohinton (Ron) Mobed bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were acquired at an average price of GBX 2,635 ($35.46) per share, with a total value of £79,050 ($106,393.00).

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About AVEVA Group

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.

Analyst Recommendations for AVEVA Group (LON:AVV)

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