(AOF) – Berenberg downgraded Aveva, the British software publisher, on which Schneider Electric made a buyout offer, from Buy to Hold by raising its target price from 2,800 to 3,113 pence. For the broker, Schneider’s offer at 3,100 pence per share for Aveva’s minority shareholders is below its expectations and does not fully reflect Aveva’s true potential.
However, given the current degree of shareholder fatigue faced with significant share price devaluation over the past 12 months, and given the potential revaluation resulting from the successful transition of the business model, up to At two years, Berenberg thinks it is likely that shareholders will prefer to cash in and forego future upside potential and risk.
The AOF information reproduced on Capital.fr is taken from the AOF information service. This information is protected by intellectual property rights held by OPTION FINANCE SAS, publisher of the AOF real-time stock market information service, and its contributors. Consequently, any reproduction, copy, duplication, modification, transfer, redistribution, translation, commercial exploitation or not, creation of a hypertext link or reuse in any way whatsoever of this information is subject to the prior written consent of OPTION. FINANCE SAS and its contributors. AOF can be reached at the following address [email protected] OPTION FINANCE SAS collects its data from the sources it considers the safest. However, subject to its gross negligence, OPTION FINANCES SAS and its contributors do not in any way guarantee the absence of error and defects, even hidden ones, nor the exhaustive nature or the lack of conformity for any use whatsoever of this data and of OPTION FINANCE SAS or one of its contributors, and cannot be held responsible for any delays or interruptions that may affect access to them. The user of the OPTION FINANCE SAS service will use the AOF data at his own risk and must hold OPTION FINANCE SAS and its contributors harmless from any claim resulting from this use.
Receive our latest news
Every morning, the information to remember on the financial markets.