Aveva: Invest Securities still a buyer

(CercleFinance.com) - Invest Securities maintains its buy rating on Aveva shares, also sticking to its target price of 3,300p, after its parent company, Schneider Electric, confirmed last week that it was considering a minority buyout.


Schneider has revived a speculative interest that had slipped out of some people's minds, against the backdrop of the accelerating migration to subscription that led to the profit warning last spring, the analyst said.

The broker believes that this transaction is highly likely to be completed (decision by 21 September) and hopes that the independence of Aveva's board will result in a price that is significantly above 3,000 pence.


Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.