Avast PLC Announces Dividend of $0.04 (LON:AVST)

Avast PLC (LON:AVST) declared a dividend on Wednesday, August 14th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 12th will be given a dividend of $0.04 per share on Friday, October 11th. This represents a yield of 1.03%. The ex-dividend date of this dividend is Thursday, September 12th. The official announcement can be viewed at this link.

Shares of LON AVST traded up GBX 3.60 ($0.05) during mid-day trading on Wednesday, reaching GBX 363.60 ($4.75). 1,373,939 shares of the company’s stock traded hands. The company has a debt-to-equity ratio of 127.92, a current ratio of 0.51 and a quick ratio of 0.43. The business has a 50-day simple moving average of GBX 353.94 and a 200 day simple moving average of GBX 316.53. The stock has a market cap of $3.55 billion and a P/E ratio of 18.94. Avast has a 1-year low of GBX 247.60 ($3.24) and a 1-year high of GBX 399.40 ($5.22).

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of 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 reiterated an “overweight” rating and set a GBX 390 ($5.10) price target on shares of Avast in a research note on Wednesday, August 28th. Finally, UBS Group reiterated a “buy” rating and set a GBX 400 ($5.23) price target on shares of Avast in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Avast currently has an average rating of “Buy” and an average target price of GBX 376.20 ($4.92).

In other Avast news, insider Erwin Gunst sold 690,689 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of GBX 318 ($4.16), for a total value of £2,196,391.02 ($2,869,973.89). Also, insider Warren Finegold sold 388,318 shares of Avast stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of GBX 369 ($4.82), for a total transaction of £1,432,893.42 ($1,872,329.05). Insiders have sold 2,053,735 shares of company stock valued at $720,653,620 in the last quarter.

Avast Company Profile

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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