AVEVA Group (LON:AVV) Sets New 52-Week High After Analyst Upgrade

Shares of AVEVA Group plc (LON:AVV) hit a new 52-week high during mid-day trading on Monday after Goldman Sachs Group raised their price target on the stock from GBX 4,700 to GBX 5,200. Goldman Sachs Group currently has a neutral rating on the stock. AVEVA Group traded as high as GBX 5,080 ($66.82) and last traded at GBX 5,043 ($66.34), with a volume of 12251 shares. The stock had previously closed at GBX 5,025 ($66.10).

A number of other equities research analysts have also weighed in on AVV. Barclays reissued an “overweight” rating and issued a GBX 4,700 ($61.83) target price on shares of AVEVA Group in a research note on Friday, January 10th. UBS Group reissued a “neutral” rating on shares of AVEVA Group in a research note on Thursday, December 5th. JPMorgan Chase & Co. boosted their target price on AVEVA Group from GBX 4,300 ($56.56) to GBX 5,200 ($68.40) and gave the company an “overweight” rating in a research note on Monday, January 13th. Berenberg Bank boosted their target price on AVEVA Group from GBX 2,800 ($36.83) to GBX 3,800 ($49.99) and gave the company a “hold” rating in a research note on Wednesday, November 13th. Finally, Bank of America boosted their target price on AVEVA Group from GBX 4,900 ($64.46) to GBX 5,400 ($71.03) and gave the company a “buy” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. AVEVA Group presently has a consensus rating of “Hold” and a consensus target price of GBX 4,353.89 ($57.27).

The company has a market cap of $8.28 billion and a PE ratio of 141.43. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 4.73. The business has a fifty day moving average of GBX 4,735.08 and a 200-day moving average of GBX 4,163.

The firm also recently declared a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a dividend of GBX 15.50 ($0.20) per share. The ex-dividend date is Thursday, January 9th. This represents a yield of 0.35%. AVEVA Group’s dividend payout ratio is presently 1.26%.

About AVEVA Group (LON:AVV)

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.

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