UBS Group lowered shares of AVEVA Group (OTCMKTS:AVEVF – Get Rating) from a buy rating to a neutral rating in a research note released on Wednesday morning, The Fly reports.

A number of other analysts have also commented on AVEVF. Credit Suisse Group reduced their target price on AVEVA Group from GBX 2,680 ($32.38) to GBX 2,310 ($27.91) in a report on Thursday, June 9th. Jefferies Financial Group raised AVEVA Group from an underperform rating to a hold rating in a report on Friday, September 23rd. Barclays reduced their target price on AVEVA Group from GBX 3,000 ($36.25) to GBX 2,500 ($30.21) in a report on Wednesday, July 6th. Investec lowered AVEVA Group from a buy rating to a hold rating in a report on Thursday, August 25th. Finally, Stifel Nicolaus lowered AVEVA Group from a buy rating to a hold rating in a report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of Hold and an average price target of $2,555.71.

AVEVA Group Price Performance

AVEVF stock opened at $35.00 on Wednesday. The stock's 50 day simple moving average is $31.34 and its 200 day simple moving average is $30.23. AVEVA Group has a 12-month low of $24.37 and a 12-month high of $50.53.

AVEVA Group Company Profile

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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