AVEVA Group (AVV) Coverage Initiated by Analysts at HSBC

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Equities research analysts at HSBC started coverage on shares of AVEVA Group (LON:AVV) in a report released on Tuesday. The brokerage set a “reduce” rating and a GBX 2,500 ($32.67) price target on the stock. HSBC’s price objective points to a potential downside of 16.22% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of AVEVA Group in a research report on Friday, October 26th. Barclays restated an “overweight” rating on shares of AVEVA Group in a research note on Wednesday, November 21st. UBS Group restated a “neutral” rating on shares of AVEVA Group in a research note on Wednesday, November 21st. Finally, Goldman Sachs Group lowered their target price on AVEVA Group from GBX 3,050 ($39.85) to GBX 2,950 ($38.55) and set a “neutral” rating on the stock in a research note on Monday, January 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 2,857.14 ($37.33).

AVV stock opened at GBX 2,984 ($38.99) on Tuesday. AVEVA Group has a 1-year low of GBX 1,791 ($23.40) and a 1-year high of GBX 3,080 ($40.25).

In related news, insider James Kidd acquired 2,618 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The shares were bought at an average cost of GBX 2,387 ($31.19) per share, for a total transaction of £62,491.66 ($81,656.42). Also, insider Jennifer Allerton acquired 4,300 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were bought at an average price of GBX 2,390 ($31.23) per share, for a total transaction of £102,770 ($134,287.21).

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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Analyst Recommendations for AVEVA Group (LON:AVV)

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