Barclays Keeps a Hold Rating on AbbVie

By Jason Carr

In a report released today, Geoff Meacham from Barclays maintained a Hold rating on AbbVie (NYSE: ABBV), with a price target of $90. The company’s shares opened today at $91.41, close to its 52-week high of $92.61.

According to TipRanks.com, Meacham is a 4-star analyst with an average return of 8.4% and a 57.0% success rate. Meacham covers the Healthcare sector, focusing on stocks such as Biohaven Pharmaceutical Holding Co Ltd, DBV Technologies SA – American, and Achillion Pharmaceuticals.

Currently, the analyst consensus on AbbVie is Moderate Buy and the average price target is $95.64, representing a 4.6% upside.

In a report issued on September 28, BMO Capital also assigned a Hold rating to the stock with a $66 price target.

AbbVie’s market cap is currently $145.7B and has a P/E ratio of 22.46. The company has a book value ratio of 24.2466.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is neutral on the stock.

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