AVEVA Group (LON:AVV) Shares Cross Above 200 Day Moving Average of $0.00

AVEVA Group plc (LON:AVV) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0 ($0.00) and traded as high as GBX 3,513 ($45.90). AVEVA Group shares last traded at GBX 3,489 ($45.58), with a volume of 141,122 shares trading hands.

A number of equities analysts have issued reports on the company. Numis Securities reiterated a “buy” rating and set a GBX 4,000 ($52.26) target price on shares of AVEVA Group in a report on Tuesday, May 25th. Barclays upgraded shares of AVEVA Group to an “overweight” rating and raised their target price for the company from GBX 3,730 ($48.73) to GBX 4,060 ($53.04) in a research note on Thursday, May 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. AVEVA Group presently has an average rating of “Buy” and a consensus target price of GBX 4,297.50 ($56.15).

The stock has a market cap of £10.62 billion and a price-to-earnings ratio of 307.96. The company has a current ratio of 1.46, a quick ratio of 1.36 and a debt-to-equity ratio of 14.75. The stock’s fifty day simple moving average is GBX 3,507.23.

The firm also recently announced a dividend, which will be paid on Wednesday, August 4th. Stockholders of record on Thursday, July 8th will be given a dividend of GBX 23.50 ($0.31) per share. The ex-dividend date is Thursday, July 8th. This is an increase from AVEVA Group’s previous dividend of $15.50. This represents a dividend yield of 0.69%. AVEVA Group’s payout ratio is presently 3.43%.

In other news, insider Peter Herweck acquired 13,500 shares of AVEVA Group stock in a transaction on Tuesday, June 1st. The stock was acquired at an average cost of GBX 3,548 ($46.35) per share, with a total value of £478,980 ($625,790.44).

About AVEVA Group (LON:AVV)

AVEVA Group plc, through its subsidiaries, provides engineering and industrial software solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company offers engineering, procurement, and construction; asset performance; monitoring and control; planning and scheduling; and operation and optimization industrial software solutions.

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