Barclays PLC announced LogMeIn Inc (NASDAQ:LOGM), boosting its stock price target to $105.00 today
- Updated: October 2, 2016
Just yesterday LogMeIn Inc (NASDAQ:LOGM) traded 0.16% higher at $90.39. LogMeIn Inc’s 50-day moving average is $86.72 and its 200-day moving average is $67.36. The last stock price is up 34.20% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 281,991 shares of LOGM traded hands, down from an average trading volume of 374,567
In a report released on 10/3/2016 Barclays PLC increased the stock price target of LogMeIn Inc (NASDAQ:LOGM) from $82.00 to $105.00 reporting a possible upside of 0.16%.
Previously on Friday July 15, 2016, Barclays Capital released a statement about LogMeIn Inc (NASDAQ:LOGM) increased the target price from $49.00 to $57.00. At the time, this indicated a possible downside of -0.10%.
Recent Performance Chart
LogMeIn Inc has 52 week low of $35.00 and a 52 week high of $94.42 with a PE ratio of 177.58 and has a market capitalization of $0.
In addition to Barclays PLC reporting its stock price target, a total of 10 brokerages have issued a ratings update on the company. The average stock price target is $68.90 with 3 brokerages rating the stock a strong buy, 5 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On LogMeIn Inc (NASDAQ:LOGM)
LogMeIn, Inc. provides a portfolio of cloud-based service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company's product line includes AppGuru, BoldChat, Cubby, join.me, LastPass, LogMeIn Pro, LogMeIn Central, LogMeIn Rescue, LogMeIn Rescue+Mobile, LogMeIn Backup, LogMeIn for iOS, LogMeIn Hamachi, MeldiumTM, Xively and RemotelyAnywhere. The Company's services are focused on markets, such as identity and access management, collaboration and the Internet of Things, and are delivered through the cloud as hosted services, commonly called software-as-a-service (SaaS). The Company offers both free and fee based, or premium, services. The Company's core cloud-based services are categorized into business lines, including Collaboration, Service and Support, Identity and Access Management, and Connected Products. It also offers annual maintenance services that include software upgrades and support services for this application.
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