AVEVA Group plc (LON:AVV) Given Consensus Recommendation of “Hold” by Brokerages

AVEVA Group plc (LON:AVV) has received an average recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 3,453.75 ($45.13).

A number of research firms have recently weighed in on AVV. Credit Suisse Group upped their price target 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. Barclays upped their price target on shares of AVEVA Group from GBX 3,370 ($44.04) to GBX 4,100 ($53.57) and gave the stock an “overweight” rating in a research note on Monday, July 8th. UBS Group reaffirmed a “neutral” rating and set a GBX 3,550 ($46.39) price target (up from GBX 3,365 ($43.97)) on shares of AVEVA Group in a research note on Wednesday, June 5th. HSBC upped their price target on shares of AVEVA Group from GBX 2,685 ($35.08) to GBX 2,920 ($38.15) and gave the stock a “reduce” rating in a research note on Monday, June 3rd. Finally, Numis Securities reaffirmed an “add” rating and set a GBX 3,700 ($48.35) price target on shares of AVEVA Group in a research note on Wednesday, May 29th.

Shares of LON:AVV traded up GBX 58 ($0.76) on Tuesday, reaching GBX 3,774 ($49.31). 472,324 shares of the company were exchanged, compared to its average volume of 221,542. The company has a current ratio of 1.38, a quick ratio of 1.30 and a debt-to-equity ratio of 0.63. AVEVA Group has a 1-year low of GBX 2,264 ($29.58) and a 1-year high of GBX 4,232 ($55.30). The firm has a market cap of $6.09 billion and a price-to-earnings ratio of 180.57. The company has a 50-day moving average of GBX 3,948.36 and a 200-day moving average of GBX 3,463.79.

The firm also recently disclosed a dividend, which was paid on Friday, August 2nd. Investors of record on Thursday, July 4th were paid a GBX 29 ($0.38) dividend. This represents a yield of 0.86%. This is a boost from AVEVA Group’s previous dividend of $14.00. The ex-dividend date of this dividend was Thursday, July 4th. AVEVA Group’s dividend payout ratio is presently 2.06%.

In related news, insider James Kidd sold 19,795 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of GBX 3,954 ($51.67), for a total value of £782,694.30 ($1,022,728.73). Also, insider Jennifer Allerton sold 9,300 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of GBX 4,077 ($53.27), for a total transaction of £379,161 ($495,441.00).

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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