Reaffirmed: AVEVA Group (LON:AVV) “Buy” Rating Reemphasized by equity analysts Berenberg; GBX 2450 Target in Place

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AVEVA Group (LON:AVV) Rating Reaffirmed

Equities researchers at Berenberg now has a GBX 2450 Estimated Target Price on AVEVA Group (LON:AVV). Berenberg and their recent Estimated Target Price would indicate a potential upside of 57.96% from the company’s last stock close price. The rating has been announced to investors in analysts note on 16 December.

From a total of 13 analysts covering AVEVA Group PLC (LON:AVV) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 54% of the ratings are positive. The highest target price is GBX 2800 while the lowest target price is GBX 1857. The mean of all analyst targets is GBX 2408.23 with a 46.18% above today’s (GBX 1578) stock price. AVEVA Group PLC was the topic of 31 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on December 16 with “Buy” rating. Liberum Capital maintained shares with “Hold” rating and GBX 2360 target share price in a report from a December 10. Liberum Capital maintained AVV stock in a recent report from December 15 with “Hold” rating. Berenberg maintained the rating on November 17. Berenberg has a “Buy” rating and a GBX 2450 price target on shares. Finally, Goldman Sachs maintained the stock with “Neutral” rating in a report issued on a November 18.

Approximately 184,221 shares of stock traded hands or 66.89% up from the average. AVEVA Group plc (LON:AVV) has declined 19.48% since May 19, 2015 and is downtrending. It has underperformed by 16.86% the S&P500.

Reaffirmed: AVEVA Group (LON:AVV)

AVEVA Group plc is a United Kingdom holding company. The company has a market cap of 1.41 billion GBP. The Company, along with its subsidiaries, is engaged in the marketing and development of computer software and services for engineering and related solutions. It has 35.69 P/E ratio. It provides engineering, design and information management solutions to the process plant, power and marine industries.

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