UBS Group Reaffirms Buy Rating for Avast (AVST)

UBS Group restated their buy rating on shares of Avast (LON:AVST) in a research note published on Thursday, LSE.Co.UK reports. UBS Group currently has a GBX 400 ($5.23) price target on the stock.

AVST has been the subject of a number of other research reports. Barclays reaffirmed an overweight rating on shares of Avast in a report on Wednesday, January 9th. Jefferies Financial Group reaffirmed a buy rating and set a GBX 360 ($4.70) target price on shares of Avast in a report on Thursday, February 28th. JPMorgan Chase & Co. started coverage on Avast in a report on Thursday, January 10th. They set a neutral rating and a GBX 310 ($4.05) target price for the company. Finally, Credit Suisse Group lifted 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Avast has a consensus rating of Buy and a consensus target price of GBX 360.20 ($4.71).

AVST stock opened at GBX 300.60 ($3.93) on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 154.65. The stock has a market cap of $2.87 billion and a price-to-earnings ratio of 12.02. Avast has a twelve month low of GBX 205 ($2.68) and a twelve month high of GBX 315.75 ($4.13).

The business also recently announced a dividend, which will be paid on Monday, June 17th. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.09 per share. This represents a yield of 2.17%. The ex-dividend date is Thursday, May 23rd. Avast’s payout ratio is presently 0.52%.

About Avast

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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Analyst Recommendations for Avast (LON:AVST)

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