Avast (LON:AVST) Stock Rating Reaffirmed by UBS Group
Avast (LON:AVST)‘s stock had its “buy” rating reaffirmed by UBS Group in a report issued on Monday, ThisIsMoney.Co.Uk reports. They currently have a GBX 425 ($5.55) price target on the stock, up from their previous price target of GBX 400 ($5.23). UBS Group’s price objective indicates a potential upside of 4.53% from the stock’s previous close.
Several other analysts have also issued reports on the company. JPMorgan Chase & Co. increased their target price on Avast from GBX 340 ($4.44) to GBX 350 ($4.57) and gave the stock a “neutral” rating in a report on Thursday, August 15th. Barclays reissued an “overweight” rating on shares of Avast in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of GBX 381.20 ($4.98).
AVST opened at GBX 406.60 ($5.31) on Monday. The firm has a market cap of $3.98 billion and a P/E ratio of 21.18. Avast has a 52-week low of GBX 247.60 ($3.24) and a 52-week high of GBX 402.60 ($5.26). The company has a debt-to-equity ratio of 127.92, a quick ratio of 0.43 and a current ratio of 0.51. The business’s fifty day moving average is GBX 379.09 and its 200-day moving average is GBX 332.40.
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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