Barclays Reaffirms “Overweight” Rating for Avast (LON:AVST)
Several other research analysts have also recently commented on AVST. UBS Group cut shares of Ecolab from a buy rating to a neutral rating and raised their target price for the stock from $180.00 to $186.00 in a report on Thursday, April 18th. Credit Suisse Group lifted their price objective on shares of Delta Air Lines from $37.00 to $68.00 and gave the company an outperform rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. raised shares of DISCO CORP/ADR from an underweight rating to a neutral rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Avast currently has an average rating of Buy and an average target price of GBX 360.20 ($4.71).
Shares of AVST traded up GBX 3.20 ($0.04) during mid-day trading on Monday, hitting GBX 326.80 ($4.27). 1,782,120 shares of the company’s stock were exchanged. Avast has a 52 week low of GBX 225 ($2.94) and a 52 week high of GBX 322 ($4.21). The stock has a 50-day moving average of GBX 309.50. The stock has a market capitalization of $3.19 billion and a price-to-earnings ratio of 13.07. The company has a debt-to-equity ratio of 154.65, a quick ratio of 0.63 and a current ratio of 0.71.
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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