AVEVA Group (LON:AVV) Stock Price Crosses Above 200-Day Moving Average of $2,908.32

AVEVA Group plc (LON:AVV – Get Rating)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,908.32 ($35.49) and traded as high as GBX 3,221 ($39.30). AVEVA Group shares last traded at GBX 3,219 ($39.28), with a volume of 9,661,393 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AVV. Deutsche Bank Aktiengesellschaft raised their price objective on AVEVA Group from GBX 2,400 ($29.29) to GBX 3,100 ($37.83) and gave the company a “hold” rating in a report on Wednesday, November 9th. Berenberg Bank reissued a “hold” rating and set a GBX 3,113 ($37.99) price objective on shares of AVEVA Group in a report on Wednesday, November 9th.

AVEVA Group Trading Up 0.0 %

The firm has a 50-day moving average of GBX 3,196.14 and a 200-day moving average of GBX 2,908.32. The company has a debt-to-equity ratio of 16.09, a quick ratio of 1.54 and a current ratio of 1.67. The firm has a market capitalization of £9.72 billion and a P/E ratio of -154.76.

AVEVA Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 9th. Stockholders of record on Thursday, November 17th were given a GBX 13 ($0.16) dividend. The ex-dividend date of this dividend was Thursday, November 17th. This represents a dividend yield of 0.41%. AVEVA Group’s dividend payout ratio is currently -1.80%.

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.