Avast (LON:AVST) Price Target Cut to GBX 460
Avast (LON:AVST) had its price objective reduced by research analysts at HSBC from GBX 560 ($7.37) to GBX 460 ($6.05) in a report issued on Tuesday, Stock Target Advisor reports. The firm presently has a “buy” rating on the stock. HSBC’s price objective would indicate a potential upside of 22.99% from the company’s current price.
Several other research analysts also recently weighed in on the stock. Bank of America upped their target price on shares of Avast from GBX 435 ($5.72) to GBX 530 ($6.97) and gave the company a “buy” rating in a research note on Friday, January 10th. Peel Hunt restated a “sell” rating on shares of Avast in a research note on Tuesday, March 10th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 550 ($7.23) target price on shares of Avast in a research note on Thursday, January 30th. Barclays restated an “overweight” rating on shares of Avast in a research note on Wednesday, March 4th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Avast in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a sell rating and seven have given a buy rating to the company. Avast currently has an average rating of “Buy” and a consensus price target of GBX 469.89 ($6.18).
AVST opened at GBX 374 ($4.92) on Tuesday. The company has a market cap of $3.83 billion and a P/E ratio of 15.58. The company has a 50 day moving average of GBX 394.40 and a two-hundred day moving average of GBX 422.68. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 97.35. Avast has a 52-week low of GBX 277.20 ($3.65) and a 52-week high of GBX 552 ($7.26).
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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