Barrington Believes Barrett Business Services (NASDAQ: BBSI) Still Has Room to Grow

Barrington analyst Vincent Colicchio maintained a Buy rating on Barrett Business Services (BBSIResearch Report) today and set a price target of $86.00. The company’s shares closed last Wednesday at $75.92, close to its 52-week high of $79.73.

According to TipRanks.com, Colicchio is a 5-star analyst with an average return of 19.4% and a 66.5% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Insight Enterprises, and HealthStream.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Barrett Business Services with a $92.00 average price target.

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The company has a one-year high of $79.73 and a one-year low of $47.90. Currently, Barrett Business Services has an average volume of 22.25K.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BBSI in relation to earlier this year.

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Barrett Business Services, Inc. engages in the provision of business management solutions, human resource outsourcing, and management consulting. Its services include payroll processing, employee benefits, workers’ compensation coverage, risk management and workplace safety programs, human resource administration, recruiting, and permanent placement. The company was founded in 1951 and is headquartered in Vancouver, WA.