Home
Investment
Top Stories
Broker Tips
Broker snap: High oil price boosts Aveva, JPM says
Mon, 01 Dec, 2008
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Press Round Up
Press Tips
Broker Tips
Director Dealings
Stocks to Watch
Hot / Cold Sectors
Week Ahead
Foreign Markets
Broker snap: High oil price boosts Aveva, JPM says
Fri, 22 Aug 2008, 10:00:00
More Chart Options
Related Market Prices
Name
Value
Percent
Change
Aveva Group
488.50p
-6.95%
Related Articles
Sepura director tunes in again
Fri, 28 Nov 2008
Wednesday tips round-up: VT, Aer Lingus, Babcock
Wed, 12 Nov 2008
Aveva posts 73% jump in profit
Tue, 11 Nov 2008
Sunday's tips round-up: Rotala, Aveva
Sun, 26 Oct 2008
Friday tips round-up: Legal & General, Travis Perkins, Aggreko,
Fri, 17 Oct 2008
<b>Aveva</b> is well placed to grow in the oil sector as long as crude stays above $70 a barrel, JP Morgan said as it started coverage on the engineering design software provider with an 'overweight' rating and 1,345p target price.<br /><br />The high oil price is leading to more investment in exploration, the broker noted, with further shifting of oil production offshore creating more demand for complex design software.<br /><br />Power demand is also growing rapidly in emerging countries such as Brazil, Russia, China and India, JPM noted.<br /><br />Aveva provides software to the oil, gas, power and marine industries.<br /><br />Apart from a fall in the price of oil, the prospect of a collapse in shipbuilding demand is a risk for Aveva, JPM said.<br />
©2004-2006 QCK.com
Tax Guides
|
Top 10 Tips
|
Financial News
|
Sitemap
|
Terms
|
About us
|
Contact
