LogMeIn (LOGM) Receives a Sell from Barclays

By Austin Angelo

Barclays analyst Raimo Lenschow maintained a Sell rating on LogMeIn (LOGMResearch Report) today and set a price target of $74. The company’s shares opened today at $81.65, close to its 52-week low of $74.87.

According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 21.4% and a 76.7% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, SolarWinds Corporation, and Cornerstone Ondemand.

The word on The Street in general, suggests a Hold analyst consensus rating for LogMeIn with a $92.83 average price target.

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The company has a one-year high of $123 and a one-year low of $74.87. Currently, LogMeIn has an average volume of 809.9K.

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LogMeIn, Inc. engages in the development and market of remote access, remote support and collaboration solutions that provide instant, secure connections between internet enabled devices. It operates through the following geographical segments: United States; United Kingdom; and International and All Other.