UBS Group Reaffirms “Neutral” Rating for AVEVA Group (LON:AVV)

UBS Group reaffirmed their neutral rating on shares of AVEVA Group (LON:AVV) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

Several other research firms have also commented on AVV. HSBC decreased their price objective on shares of AVEVA Group from GBX 3,190 ($39.26) to GBX 3,010 ($37.04) and set a reduce rating for the company in a research note on Friday, April 24th. Morgan Stanley increased their price objective on shares of AVEVA Group from GBX 3,775 ($46.46) to GBX 4,125 ($50.76) and gave the company an equal weight rating in a research note on Thursday. Goldman Sachs Group increased their price objective on shares of AVEVA Group from GBX 3,600 ($44.30) to GBX 4,100 ($50.46) and gave the company a neutral rating in a research note on Friday, June 19th. Credit Suisse Group increased their price objective on shares of 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. Finally, Jefferies Financial Group increased their price objective on shares of 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 4,209 ($51.80).

AVV opened at GBX 4,146 ($51.02) on Thursday. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.49 and a quick ratio of 1.40. AVEVA Group has a fifty-two week low of GBX 40.40 ($0.50) and a fifty-two week high of GBX 5,350 ($65.84). The firm has a market capitalization of $6.70 billion and a PE ratio of 96.19. The company’s 50-day moving average is GBX 4,082.36 and its 200 day moving average is GBX 4,100.80.

The business also recently announced a dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Thursday, July 9th will be given a dividend of GBX 29 ($0.36) per share. This is an increase from AVEVA Group’s previous dividend of $15.50. This represents a dividend yield of 0.69%. The ex-dividend date is Thursday, July 9th. AVEVA Group’s dividend payout ratio is currently 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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Analyst Recommendations for AVEVA Group (LON:AVV)

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