AVEVA Group (LON:AVV) had its target price hoisted by Morgan Stanley from GBX 3,775 ($46.46) to GBX 4,125 ($50.76) in a report published on Thursday morning, Digital Look reports. The brokerage currently has an equal weight rating on the stock.
AVV has been the topic of several other reports. Credit Suisse Group upped their price objective on AVEVA Group from GBX 4,200 ($51.69) to GBX 4,500 ($55.38) and gave the company an outperform rating in a research note on Friday, June 12th. UBS Group reiterated a neutral rating and issued a GBX 3,785 ($46.58) price objective (up from GBX 3,650 ($44.92)) on shares of AVEVA Group in a research note on Wednesday, June 10th. Barclays upped their price objective on AVEVA Group from GBX 3,320 ($40.86) to GBX 3,770 ($46.39) and gave the company an equal weight rating in a research note on Wednesday, June 10th. Jefferies Financial Group upped their price objective on AVEVA Group from GBX 3,400 ($41.84) to GBX 3,900 ($47.99) and gave the company a hold rating in a research note on Wednesday, June 10th. Finally, HSBC lowered their price objective on AVEVA Group from GBX 3,190 ($39.26) to GBX 3,010 ($37.04) and set a reduce rating on the stock in a research note on Friday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. AVEVA Group currently has a consensus rating of Hold and a consensus price target of GBX 4,209 ($51.80).
AVEVA Group stock opened at GBX 4,146 ($51.02) on Thursday. The business has a 50 day moving average price of GBX 4,082.36 and a two-hundred day moving average price of GBX 4,100.80. The company has a quick ratio of 1.40, a current ratio of 1.49 and a debt-to-equity ratio of 3.60. The stock has a market cap of $6.70 billion and a price-to-earnings ratio of 96.19. AVEVA Group has a 12 month low of GBX 40.40 ($0.50) and a 12 month high of GBX 5,350 ($65.84).
The firm also recently declared a dividend, which will be paid on Tuesday, August 11th. Investors of record on Thursday, July 9th will be given a dividend of GBX 29 ($0.36) per share. The ex-dividend date is Thursday, July 9th. This is a positive change from AVEVA Group’s previous dividend of $15.50. This represents a yield of 0.69%. AVEVA Group’s dividend payout ratio is 104.41%.
About AVEVA Group
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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