Avast’s (AVST) Overweight Rating Reiterated at Barclays
A number of other brokerages also recently weighed in on AVST. Jefferies Financial Group reiterated a buy rating and issued a GBX 360 ($4.70) target price on shares of Avast in a report on Thursday, February 28th. UBS Group reiterated a buy rating and issued a GBX 400 ($5.23) target price (up previously from GBX 320 ($4.18)) on shares of Avast in a report on Thursday, March 14th. JPMorgan Chase & Co. reiterated a neutral rating on shares of Avast in a report on Wednesday, April 17th. Finally, Credit Suisse Group upped their target price on Avast from GBX 330 ($4.31) to GBX 381 ($4.98) and gave the company an outperform rating in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of GBX 360.20 ($4.71).
Shares of AVST opened at GBX 304.80 ($3.98) on Monday. The stock has a market capitalization of $2.97 billion and a PE ratio of 12.19. Avast has a fifty-two week low of GBX 205 ($2.68) and a fifty-two week high of GBX 320 ($4.18). The company has a debt-to-equity ratio of 154.65, a quick ratio of 0.63 and a current ratio of 0.71.
Avast Plc, together with its subsidiaries, provides digital security products under the Avast, AVG, and CCleaner brands worldwide. It operates through two segments, Consumer and Small and Medium Business (SMB). The company offers desktop security and mobile device protection products; value-added solutions for performance, privacy, and other tools; dynamic secure search solution, including browser toolbar; and big data and marketing analytics solutions, as well as security solutions designed for small businesses.
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