JPMorgan Chase & Co. Trims AVEVA Group (OTCMKTS:AVEVF) Target Price to GBX 3,625

AVEVA Group (OTCMKTS:AVEVFGet Rating) had its price target lowered by JPMorgan Chase & Co. from GBX 4,500 ($57.35) to GBX 3,625 ($46.20) in a research report report published on Thursday, The Fly reports.

Several other equities research analysts also recently weighed in on the company. Credit Suisse Group initiated coverage on AVEVA Group in a research report on Thursday, March 31st. They issued a neutral rating for the company. Morgan Stanley lowered AVEVA Group from an overweight rating to an equal weight rating in a research report on Monday, February 14th. Deutsche Bank Aktiengesellschaft assumed coverage on AVEVA Group in a research note on Friday, February 18th. They issued a hold rating for the company. Berenberg Bank started coverage on shares of AVEVA Group in a research note on Friday, February 18th. They issued a buy rating on the stock. Finally, Jefferies Financial Group lowered their target price on shares of AVEVA Group from GBX 2,000 ($25.49) to GBX 1,630 ($20.77) in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $2,627.50.

AVEVA Group stock opened at $24.37 on Thursday. AVEVA Group has a fifty-two week low of $24.37 and a fifty-two week high of $55.89. The stock has a 50-day simple moving average of $32.02 and a 200-day simple moving average of $39.63.

AVEVA Group Company Profile (Get Rating)

AVEVA Group plc, through its subsidiaries, provides engineering and industrial software solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company offers engineering, procurement, and construction; asset performance management; monitoring and control; planning and scheduling; and operation and optimization industrial software solutions.

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