Barclays PLC Initiates Coverage on Apptio Inc (APTI)
Research analysts at Barclays PLC began coverage on shares of Apptio Inc (NASDAQ:APTI) in a report issued on Tuesday, The Fly reports. The firm set an “equal weight” rating on the stock.
APTI has been the subject of several other research reports. Bank of America Corp. initiated coverage on shares of Apptio in a research report on Tuesday. They issued a “buy” rating for the company. Pacific Crest initiated coverage on shares of Apptio in a research report on Tuesday. They issued an “overweight” rating for the company. Goldman Sachs Group Inc. initiated coverage on shares of Apptio in a research report on Tuesday. They issued a “neutral” rating for the company. Finally, Jefferies Group initiated coverage on shares of Apptio in a research report on Tuesday. They issued a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy”.
Shares of Apptio (NASDAQ:APTI) opened at 20.52 on Tuesday. The company has a 50-day moving average of $20.85 and a 200-day moving average of $20.85. Apptio has a 12 month low of $18.78 and a 12 month high of $24.60. The firm’s market cap is $267.70 million.
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