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Independent Research Sticks to Its Buy Rating for Apple (AAPL)


Independent Research analyst Markus Friebel maintained a Buy rating on Apple (NASDAQ: AAPL) on September 14 and set a price target of $270. The company’s shares closed on Friday at $223.84, close to its 52-week high of $229.67.

Friebel has an average return of 40.4% when recommending Apple.

According to TipRanks.com, Friebel is ranked #2528 out of 4877 analysts.

Currently, the analyst consensus on Apple is a Moderate Buy with an average price target of $230.24, implying a 2.9% upside from current levels. In a report issued on August 31, Daiwa also initiated coverage with a Buy rating on the stock with a $249 price target.

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Apple’s market cap is currently $1084B and has a P/E ratio of 20.29. The company has a Price to Book ratio of 9.43.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. Last month, Arthur Levinson, a Director at AAPL sold 35,000 shares for a total of $7,236,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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