RBC Capital Sticks to Its Hold Rating for IBM

By Austin Angelo

RBC Capital analyst Matt Barasch reiterated a Hold rating on IBM (NYSE: IBM) on November 13 and set a price target of $160. The company’s shares closed yesterday at $148.89.

According to TipRanks.com, Barasch is a 4-star analyst with an average return of 5.4% and a 72.0% success rate. Barasch covers the Financial sector, focusing on stocks such as American International Group, Colliers International Group, and FirstService Corporation.

Currently, the analyst consensus on IBM is Hold and the average price target is $164.08, representing a 10.2% upside.

In a report issued on November 1, KeyBanc also reiterated a Hold rating on the stock.

IBM’s market cap is currently $137.8B and has a P/E ratio of 12.44. The company has a book value ratio of 7.0230.

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