HSBC Initiates Coverage on AVEVA Group (AVV)

Analysts at HSBC began coverage on shares of AVEVA Group (LON:AVV) in a note issued to investors on Tuesday. The brokerage set a “reduce” rating and a GBX 2,500 ($32.67) price target on the stock. HSBC’s price objective would indicate a potential downside of 16.22% from the company’s current price.

AVV has been the subject of a number of other reports. 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 for the company in a report on Monday, January 28th. UBS Group reiterated a “neutral” rating on shares of AVEVA Group in a report on Wednesday, November 21st. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of AVEVA Group in a report on Friday, October 26th. Finally, Barclays lowered their target price on AVEVA Group from GBX 3,150 ($41.16) to GBX 2,740 ($35.80) and set an “overweight” rating for the company in a report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 2,857.14 ($37.33).

Shares of AVV 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 other news, insider James Kidd acquired 2,618 shares of AVEVA Group stock in a transaction on Friday, November 23rd. The stock was purchased at an average price of GBX 2,387 ($31.19) per share, with a total value of £62,491.66 ($81,656.42). Also, insider Jennifer Allerton acquired 4,300 shares of AVEVA Group stock in a transaction on Thursday, December 6th. The stock was purchased at an average cost of GBX 2,390 ($31.23) per share, with a total value 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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