Aveva May Be Attractive M&A Target, SocGen Says; Rates New Buy
2014-07-04 07:01:26.849 GMT
By Claudia Rach
July 4 (Bloomberg) -- Aveva may be attractive both for
larger PLM peers, capital goods majors due to its strong
position in a niche industry with limited competition, high
growth, SocGen says in note.
* Rates stock new buy; PT GBp2,650
* Says hasn’t included M&A premium into TP; says 30% M&A
premium from current share price could add 100p to it
* NOTE: Aveva is cited in bid speculation in today’s FT
(subscription required)
* Next catalyst: Co. scheduled to hold AGM on July 14
* NOTE: Stock down 2.5% YTD vs SX8P down 0.5%
* NOTE: 17 analyst ratings 53% buy, 47% hold, 0% sell; avg PT
GBp2,480: Bloomberg data
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To contact the reporter on this story:
Claudia Rach in Berlin at +49-30-70010-6219 or
crach1@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-07-04 07:01:26.849 GMT
By Claudia Rach
July 4 (Bloomberg) -- Aveva may be attractive both for
larger PLM peers, capital goods majors due to its strong
position in a niche industry with limited competition, high
growth, SocGen says in note.
* Rates stock new buy; PT GBp2,650
* Says hasn’t included M&A premium into TP; says 30% M&A
premium from current share price could add 100p to it
* NOTE: Aveva is cited in bid speculation in today’s FT
(subscription required)
* Next catalyst: Co. scheduled to hold AGM on July 14
* NOTE: Stock down 2.5% YTD vs SX8P down 0.5%
* NOTE: 17 analyst ratings 53% buy, 47% hold, 0% sell; avg PT
GBp2,480: Bloomberg data
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Claudia Rach in Berlin at +49-30-70010-6219 or
crach1@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net