HSBC Trims Avast (LON:AVST) Target Price to GBX 460

Avast (LON:AVST) had its price target decreased by HSBC from GBX 560 ($7.37) to GBX 460 ($6.05) in a research report report published on Tuesday morning, Stock Target Advisor reports. HSBC currently has a buy rating on the stock.

AVST has been the topic of a number of other reports. Credit Suisse Group reiterated an outperform rating on shares of Avast in a research report on Thursday, March 12th. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 550 ($7.23) price target on shares of Avast in a research report on Thursday, January 30th. Barclays reiterated an overweight rating on shares of Avast in a research report on Wednesday, March 4th. Bank of America increased their price target on shares of Avast from GBX 435 ($5.72) to GBX 530 ($6.97) and gave the company a buy rating in a research report on Friday, January 10th. Finally, UBS Group reiterated a buy rating on shares of Avast in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of GBX 469.89 ($6.18).

Shares of LON AVST opened at GBX 387 ($5.09) on Tuesday. The firm has a market capitalization of $3.99 billion and a PE ratio of 16.13. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 97.35. Avast has a 1 year low of GBX 277.20 ($3.65) and a 1 year high of GBX 552 ($7.26). The firm’s 50-day moving average is GBX 393.19 and its 200-day moving average is GBX 422.75.

The company also recently declared a dividend, which will be paid on Wednesday, June 24th. Investors of record on Thursday, May 21st will be given a $0.10 dividend. This represents a dividend yield of 1.97%. This is an increase from Avast’s previous dividend of $0.04. The ex-dividend date is Thursday, May 21st. Avast’s dividend payout ratio (DPR) is currently 0.67%.

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.

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