AVEVA Group plc (OTCMKTS:AVEVF) Receives Consensus Rating of “Hold” from Brokerages

AVEVA Group plc (OTCMKTS:AVEVFGet Rating) has been given an average recommendation of “Buy” by the eleven research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $2,551.67.

A number of analysts recently issued reports on AVEVF shares. JPMorgan Chase & Co. dropped their price target on shares of AVEVA Group from GBX 4,500 ($55.47) to GBX 3,625 ($44.69) in a research note on Thursday, April 28th. Jefferies Financial Group dropped their price target on shares of AVEVA Group from GBX 2,000 ($24.65) to GBX 1,630 ($20.09) in a research note on Wednesday, April 27th. Morgan Stanley lowered shares of AVEVA Group from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 14th. Credit Suisse Group began coverage on shares of AVEVA Group in a research note on Thursday, March 31st. They issued a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of AVEVA Group from GBX 3,000 ($36.98) to GBX 2,400 ($29.59) in a research note on Friday, April 29th.

Shares of OTCMKTS:AVEVF opened at $27.33 on Tuesday. The company has a fifty day simple moving average of $30.28 and a 200 day simple moving average of $37.66. AVEVA Group has a 12-month low of $24.37 and a 12-month high of $55.89.

About AVEVA Group (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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Analyst Recommendations for AVEVA Group (OTCMKTS:AVEVF)

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