Avast’s (AVST) Buy Rating Reiterated at UBS Group

UBS Group reissued their buy rating on shares of Avast (LON:AVST) in a research report report published on Wednesday, Stock Target Advisor reports. They currently have a GBX 600 ($7.38) price target on the stock, up from their prior price target of GBX 500 ($6.15).

A number of other brokerages also recently commented on AVST. Peel Hunt restated a sell rating on shares of Avast in a research note on Thursday, April 16th. Credit Suisse Group upped their price objective on Avast from GBX 465 ($5.72) to GBX 550 ($6.77) and gave the stock an outperform rating in a research report on Thursday, May 14th. HSBC lifted their target price on shares of Avast from GBX 460 ($5.66) to GBX 540 ($6.65) and gave the company a buy rating in a report on Thursday, May 7th. Goldman Sachs Group began coverage on shares of Avast in a research note on Friday, June 19th. They issued a buy rating and a GBX 600 ($7.38) target price for the company. Finally, Morgan Stanley raised their price target on shares of Avast from GBX 480 ($5.91) to GBX 525 ($6.46) and gave the company an overweight rating in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a sell rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of GBX 546.18 ($6.72).

Shares of AVST opened at GBX 556 ($6.84) on Wednesday. The business’s 50-day moving average is GBX 507.17 and its two-hundred day moving average is GBX 453.56. The company has a market capitalization of $5.61 billion and a P/E ratio of 23.08. Avast has a fifty-two week low of GBX 263.60 ($3.24) and a fifty-two week high of GBX 552 ($6.79). The company has a debt-to-equity ratio of 97.35, a quick ratio of 0.57 and a current ratio of 0.65.

In other news, insider Ulf Claesson sold 250,000 shares of Avast stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of GBX 487 ($5.99), for a total value of £1,217,500 ($1,498,277.14).

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.

Featured Article: Understanding dividend yield and dividend payout ratio

Analyst Recommendations for Avast (LON:AVST)

Receive News & Ratings for Avast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avast and related companies with MarketBeat.com's FREE daily email newsletter.