Avast (AVST)

Down
Share Price:
446.00p
Market Cap:
4,588.76m
Change Today:
-7.20p
Sector:
IT Services

Avast offers growth at reasonable price, says Berenberg

By Michele Maatouk

Date: Tuesday 12 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Berenberg initiated coverage of cybersecurity firm Avast at 'buy' on Tuesday with a 680p price target, saying it was among its top picks for 2021, offering growth at a reasonable price.
The bank noted that Avast is the world's largest B2C cyber security company by number of users, with more than twenty times the number of users as its main competitors.

"In our view, Avast's market leadership will enable it to deliver at least high-single-digit organic growth and maintain its circa 50% free cash flow margin for many years," Berenberg said.

"With multiple growth initiatives and likelihood for M&A, which could accelerate growth also, and the shares trading on a 6% FCF yield, Avast offers a rare combination of growth and value."

At 1100 GMT, the shares were up 1.7% at 540p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Avast Market Data

Currency UK Pounds
Price 446.00p
Change Today -7.20p
52 Week High 600.00p
52 Week Low 270.60p
Volume 2,436,958
Shares Issued 1,028.87m
Market Cap 4,588.76m

Performance Indicators

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What The Brokers Say

Strong Buy 13
Buy 1
Neutral 0
Sell 0
Strong Sell 1
Total 15
strong_buy
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