BlackBerry Given New C$9.00 Price Target at National Bank Financial (BB)
Investment analysts at National Bank Financial upped their target price on shares of BlackBerry (TSE:BB) from C$5.00 to C$9.00 in a note issued to investors on Tuesday, American Banking and Market News reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 2.51% from the stock’s previous close.
Shares of BlackBerry (TSE:BB) traded down 3.30% on Tuesday, hitting $8.78. The stock had a trading volume of 3,798,758 shares. BlackBerry has a one year low of $8.25 and a one year high of $12.59. The stock has a 50-day moving average of $10.71 and a 200-day moving average of $12.91. The company’s market cap is $4.602 billion.
BB has been the subject of a number of other recent research reports. Analysts at Cowen and Company upgraded shares of BlackBerry (TSE:BB) from an “underperform” rating to a “market perform” rating in a research note to investors on Tuesday. Separately, analysts at CIBC downgraded shares of BlackBerry (TSE:BB) from a “sector outperform” rating to a “speculative sector outperform” rating in a research note to investors on Tuesday. Finally, analysts at Canaccord Genuity upgraded shares of BlackBerry (TSE:BB) to a “hold” rating in a research note to investors on Tuesday. They now have a C$9.00 price target on the stock, up previously from C$8.00.
Ten equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and two have assigned a buy rating to the company. BlackBerry has an average rating of “Hold” and a consensus price target of C$8.87.
BlackBerry, formerly Research In Motion Limited, is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.
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