AVEVA Group (LON:AVV) had its target price lifted by stock analysts at Goldman Sachs Group from GBX 4,100 ($50.46) to GBX 4,600 ($56.61) in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group’s price target indicates a potential upside of 10.95% from the company’s previous close.
A number of other brokerages have also weighed in on AVV. HSBC lowered their target price on AVEVA Group from GBX 3,190 ($39.26) to GBX 3,010 ($37.04) and set a “reduce” rating for the company in a research note on Friday, April 24th. UBS Group restated a “neutral” rating on shares of AVEVA Group in a research note on Thursday. Barclays lifted their price objective on AVEVA Group from GBX 3,320 ($40.86) to GBX 3,770 ($46.39) and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. Jefferies Financial Group lifted their price objective on AVEVA Group from GBX 3,400 ($41.84) to GBX 3,900 ($47.99) and gave the stock a “hold” rating in a research report on Wednesday, June 10th. Finally, Credit Suisse Group lifted their price objective on AVEVA Group from GBX 4,200 ($51.69) to GBX 4,500 ($55.38) and gave the stock an “outperform” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 4,209 ($51.80).
Shares of LON:AVV opened at GBX 4,146 ($51.02) on Friday. AVEVA Group has a twelve month low of GBX 40.40 ($0.50) and a twelve month high of GBX 5,350 ($65.84). The firm has a market cap of $6.70 billion and a PE ratio of 96.19. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.40 and a current ratio of 1.49. The business has a fifty day moving average of GBX 4,082.36 and a 200-day moving average of GBX 4,100.80.
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.
Further Reading: Current Ratio
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