AVEVA Group (LON:AVV) Given New GBX 4,700 Price Target at Barclays

AVEVA Group (LON:AVV) had its price objective hoisted by equities research analysts at Barclays from GBX 4,100 ($53.57) to GBX 4,700 ($61.41) in a report released on Thursday, ThisIsMoney.Co.Uk reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 6.96% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Berenberg Bank boosted their price objective on shares of AVEVA Group from GBX 2,800 ($36.59) to GBX 3,800 ($49.65) and gave the stock a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of AVEVA Group from GBX 4,200 ($54.88) to GBX 4,300 ($56.19) and gave the stock an “overweight” rating in a research note on Wednesday. Finally, UBS Group reiterated a “neutral” rating on shares of AVEVA Group in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 3,786.88 ($49.48).

LON:AVV opened at GBX 4,394 ($57.42) on Thursday. AVEVA Group has a one year low of GBX 2,264 ($29.58) and a one year high of GBX 4,444 ($58.07). The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.30 and a current ratio of 1.38. The firm has a market cap of $7.20 billion and a P/E ratio of 210.24. The firm has a 50-day simple moving average of GBX 3,939.96 and a 200-day simple moving average of GBX 3,780.52.

About AVEVA Group

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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