Berenberg Bank Lowers AVEVA Group (LON:AVV) to Hold

AVEVA Group (LON:AVVGet Rating) was downgraded by equities research analysts at Berenberg Bank to a “hold” rating in a report released on Thursday, Marketbeat Ratings reports. They currently have a GBX 3,113 ($37.61) price objective on the stock, up from their prior price objective of GBX 2,800 ($33.83). Berenberg Bank’s price objective indicates a potential upside of 0.03% from the company’s current price.

Separately, Barclays reduced their price target on AVEVA Group from GBX 3,000 ($36.25) to GBX 2,500 ($30.21) and set an “equal weight” rating on the stock in a research note on Wednesday, July 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 3,278.25 ($39.61).

AVEVA Group Price Performance

Shares of AVEVA Group stock opened at GBX 3,112 ($37.60) on Thursday. The company has a quick ratio of 1.51, a current ratio of 1.60 and a debt-to-equity ratio of 14.97. The company has a market cap of £9.40 billion and a PE ratio of -149.47. The business has a 50 day moving average of GBX 2,567.82 and a 200 day moving average of GBX 2,425.12. AVEVA Group has a 52 week low of GBX 1,800 ($21.75) and a 52 week high of GBX 4,099 ($49.53).

AVEVA Group Company Profile

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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 (LON:AVV)

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