JP Morgan Cazenove Reconfirms Aveva Group (LON:AVV) As a “Neutral”; They Now Have a Target Of GBX 1500.00


Aveva Group (LON:AVV) Rating Reaffirmed

Expert analysts at JP Morgan Cazenove now has a GBX 1500.00 target PPS on Aveva Group (LON:AVV). JP Morgan Cazenove and their recent target PPS may mean a potential downside of -2.47% from the company’s previous close. The rating has been revealed to clients and investors in an interesting research report 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 48.72% above today’s (GBX 1551) 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 166,774 shares of stock traded hands or 51.09% 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.

JP Morgan Cazenove Reconfirms Aveva Group (LON:AVV) As a

AVEVA Group plc is a United Kingdom holding company. The company has a market cap of 1.39 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 35.08 P/E ratio. It provides engineering, design and information management solutions to the process plant, power and marine industries.