Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAVV.L Share News (AVV)

  • There is currently no data for AVV

BUZZ-Aveva: software developer hit by Goldman downgrade

Mon, 03rd Nov 2014 08:47

** Aveva bruised by Goldman Sachs downgrade to"sell", broker slashes its target price to 1,420p vs 1,950p.

** Stock down 3.4 pct & top faller on 0.2 pct firmer FTSE250 index.

** Goldman expects co's primary end market of oil & gas -about 50 pct of group sales - to experience prolonged multi-yearslowdown resulting in significant capex reductions.

** Aveva slide weighs on sector. Telecity, whichissued a trading update on Monday, slips 1.3 pct as investorslock in profits after strong run up which had left margin fordisappointment high.

** Citi highlights revenue growth at lower end of guidance,no improvement on margins over previous year, and lack ofreduction on original capex guidance.

** Analyst recommendations for Telecity still skewed to theupside as of last Friday; of 16 analysts that cover the stock,11 have "buy"/"strong buy" ratings, StarMine shows. (RM: tricia.wright1.thomsonreuters.com@reuters.net)

Related News

WINNERS & LOSERS: Oil majors fall, airlines up on US-Iran peace hopes
12 Jun 2026

WINNERS & LOSERS: Oil majors fall, airlines up on US-Iran peace hopes

(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Friday.

UK's FTSE 100 rises as financials rebound, Middle East and AI spending worries cap gains
11 Jun 2026

UK's FTSE 100 rises as financials rebound, Middle East and AI spending worries cap gains

June 11 (Reuters) - London's FTSE ​100 index ⁠climbed on Thursday, supported by a ​recovery in financials stocks, though concerns lingered over the Ir...

LONDON MARKET CLOSE: Blue chips shrug off ECB rate rise and Iran worry
11 Jun 2026

LONDON MARKET CLOSE: Blue chips shrug off ECB rate rise and Iran worry

(Alliance News) - The FTSE 100 closed higher on Thursday, despite ongoing tensions in the Middle East and an interest rate hike in Europe.

AVV.L News

Aveva Performs Well In Half, Expects Low Double Digit Revenue Growth
25 Oct 2018

Aveva Performs Well In Half, Expects Low Double Digit Revenue Growth

LONDON (Alliance News) - Aveva Group PLC said Thursday it has continued to perform well during the first half.In the six months ended September, the F...

Aveva performing 'well' in first half
25 Oct 2018

Aveva performing 'well' in first half

(Sharecast News) - Engineering and industrial software provider Aveva said on Thursday that it continued to perform "well" in the first half of its fi...

Friday broker round-up
21 Sep 2018

Friday broker round-up

(Sharecast News) - Paragon Banking Group: RBC Capital Markets downgrades to sector performer with a target price of 500p.

BROKER RATINGS SUMMARY: Sky, Burberry And Smiths Group Cut To Neutral
21 Sep 2018

BROKER RATINGS SUMMARY: Sky, Burberry And Smiths Group Cut To Neutral

LONDON (Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:----------FTSE 100----------U...

LONDON MARKET CLOSE: Stocks End Day Higher As Trade Worries Forgotten
20 Sep 2018

LONDON MARKET CLOSE: Stocks End Day Higher As Trade Worries Forgotten

LONDON (Alliance News) - Stocks ended higher on Thursday as US China trade worries faded and the Brexit negotiations taking place in Salzburg failed t...

Thursday broker round-up
20 Sep 2018

Thursday broker round-up

(Sharecast News) - AVEVA Group: Barclays upgrades to overweight with a target price of 3,150p.

LONDON MARKET MIDDAY: FTSE 100 Stays Ahead As Brexit Talks Continue
20 Sep 2018

LONDON MARKET MIDDAY: FTSE 100 Stays Ahead As Brexit Talks Continue

LONDON (Alliance News) - Stocks were mixed midday Thursday as continuing Brexit negotiations in Salzburg were at the forefront of market trading."Brex...

WINNERS & LOSERS SUMMARY: Rio Tinto Up On Plan To Return Sale Proceeds
20 Sep 2018

WINNERS & LOSERS SUMMARY: Rio Tinto Up On Plan To Return Sale Proceeds

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNE...