AVEVA (AVV.L) 09-04-20
Will AVEVA (AVV.L) continue this relentless rise, setting new highs?
- Currently trading at 3597.55p (at time of writing), performance has been exceptional of late.
- Will it hit resistance, or is the trend your friend?
- Is this one for momentum traders?
- The price has been moving upwards, however, past performance is not necessarily an indication of the future.
- Technical traders should be mindful of breaking news and events. This can influence price trends. Check our website and news outlets for updates.
- Shares -32% from 12-month highs; +26% from 12 month lows.
Latest News
31 Mar: Barclays Capital has downgraded its rating on AVEVA Group (AVV) to equal weight (from overweight) and reduced the target price to 3320p (from 4700p).
28 Feb: UBS reiterates its neutral rating on AVEVA Group (AVV) and increased the target price to 4465p (from 4365p).
21 Feb: Morgan Stanley reiterates its equal weight rating on AVEVA Group (AVV) and increased the target price to 4750p (from 4525p).
20 Feb: Aveva, the engineering software company, announced that it had hit high single-digit revenue growth within the first ten months of the year, but cited some weakness in the Chinese market.
24 Jan: Goldman Sachs reiterates its neutral rating on AVEVA Group (AVV) and increased the target price to 5200p (from 4700p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires