Avast (LON:AVST) PT Raised to GBX 648

Avast (LON:AVST) had its price objective upped by Jefferies Financial Group from GBX 557 ($6.85) to GBX 648 ($7.97) in a research report sent to investors on Wednesday, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on the company. HSBC increased their target price on Avast from GBX 460 ($5.66) to GBX 540 ($6.65) and gave the stock a buy rating in a research note on Thursday, May 7th. Peel Hunt reaffirmed a sell rating on shares of Avast in a research report on Thursday, April 16th. Morgan Stanley upped their price target on Avast from GBX 480 ($5.91) to GBX 525 ($6.46) and gave the stock an overweight rating in a research report on Tuesday, June 2nd. Credit Suisse Group upped their price target 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. Finally, Goldman Sachs Group began coverage on Avast in a research report on Friday, June 19th. They set a buy rating and a GBX 600 ($7.38) price target for the company. Two equities research analysts have rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of GBX 530.45 ($6.53).

LON AVST opened at GBX 547.50 ($6.74) on Wednesday. The business has a 50 day simple moving average of GBX 504.94 and a 200 day simple moving average of GBX 452.67. Avast has a 52-week low of GBX 263.60 ($3.24) and a 52-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. The stock has a market cap of $5.61 billion and a price-to-earnings ratio of 22.81.

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

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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Analyst Recommendations for Avast (LON:AVST)

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