Avast PLC (LON:AVST) Receives Average Recommendation of “Buy” from Analysts

Shares of Avast PLC (LON:AVST) have received a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 539.82 ($7.05).

AVST has been the subject of several analyst reports. Peel Hunt restated a “sell” rating and set a GBX 355 ($4.64) price target on shares of Avast in a research report on Wednesday, August 12th. Jefferies Financial Group upped their price target on shares of Avast from GBX 557 ($7.28) to GBX 648 ($8.47) and gave the company a “buy” rating in a research report on Wednesday, July 8th. UBS Group restated a “buy” rating and set a GBX 600 ($7.84) price target (up from GBX 500 ($6.53)) on shares of Avast in a research report on Wednesday, July 8th. Peel Hunt reaffirmed a “sell” rating and set a GBX 355 ($4.64) price objective on shares of Avast in a research note on Wednesday, August 12th. Finally, Barclays upped their price objective on shares of Avast from GBX 440 ($5.75) to GBX 580 ($7.58) and gave the company an “overweight” rating in a research note on Friday, July 10th.

AVST stock traded up GBX 15 ($0.20) during mid-day trading on Wednesday, reaching GBX 528.50 ($6.91). 2,566,433 shares of the company traded hands, compared to its average volume of 3,126,847. Avast has a fifty-two week low of GBX 263.60 ($3.44) and a fifty-two week high of GBX 604.50 ($7.90). The firm’s 50 day moving average price is GBX 550.67 and its 200 day moving average price is GBX 487.66. The stock has a market cap of $5.43 billion and a price-to-earnings ratio of 25.17. The company has a quick ratio of 0.38, a current ratio of 0.45 and a debt-to-equity ratio of 84.48.

The company also recently declared a dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.05 per share. This represents a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, September 10th. Avast’s payout ratio is 33.33%.

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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