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Home / Momentum / AVEVA (AVV.L) 07-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

AVEVA (AVV.L) 07-01-20

Will shares in AVEVA (AVV.L) continue to rally, setting new recent highs?

 

  • Now trading at 4738p (at time of writing), the price performance has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Shares -0% from 12-month highs; +89% from 12 month lows.

Latest News

09 Dec:  Goldman Sachs reiterates its neutral rating on AVEVA Group (AVV) and increased the target price to 4700p (from 3800p).

22 Nov:  UBS reiterates its neutral rating on AVEVA Group (AVV) and increased the target price to 4365p (from 3775p).

14 Nov:  Barclays Capital reiterates its overweight rating on AVEVA Group (AVV) and increased the target price to 4700p (from 4100p).

13 Nov:  Berenberg reiterates its hold rating on AVEVA Group (AVV) and increased the target price to 3800p (from 2800p).

13 Nov:  JP Morgan Cazenove reiterates its overweight rating on AVEVA Group (AVV) and increased the target price to 4300p (from 4200p).

12 Nov:  Aveva moved into a profit in H1 on better margins and revenues, driven by stronger sales and early renewals of contracts.

25 Oct:  JP Morgan Cazenove reiterates its overweight rating on AVEVA Group (AVV) and increased the target price to 4200p (from 3550p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

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