Berenberg Bank cut shares of AVEVA Group (OTCMKTS:AVEVF – Get Rating) from a buy rating to a hold rating in a report issued on Thursday morning, The Fly reports.

AVEVF has been the subject of a number of other reports. Credit Suisse Group cut their price objective on AVEVA Group from GBX 2,680 ($32.38) to GBX 2,310 ($27.91) in a research report on Thursday, June 9th. Stifel Nicolaus downgraded AVEVA Group from a buy rating to a hold rating in a research report on Friday, September 9th. Investec downgraded AVEVA Group from a buy rating to a hold rating in a research report on Thursday, August 25th. UBS Group cut their price objective on AVEVA Group from GBX 2,750 ($33.23) to GBX 2,725 ($32.93) in a research report on Friday, June 10th. Finally, Barclays dropped their target price on AVEVA Group from GBX 3,000 ($36.25) to GBX 2,500 ($30.21) in a research report on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, AVEVA Group currently has a consensus rating of Hold and an average price target of $2,555.71.

AVEVA Group Stock Performance

OTCMKTS AVEVF opened at $35.00 on Thursday. The business's fifty day simple moving average is $30.90 and its 200-day simple moving average is $30.20. AVEVA Group has a 52 week low of $24.37 and a 52 week high of $50.53.

About AVEVA Group

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 management; monitoring and control; planning and scheduling; and operation and optimization industrial software solutions.

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