BlackBerry Given New C$9.00 Price Target at TD Securities (BB)
Research analysts at TD Securities reduced their price objective on shares of BlackBerry (TSE:BB) from C$11.50 to C$9.00 in a report released on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 2.51% from the stock’s previous close.
Shares of BlackBerry (TSE:BB) traded down 3.30% during mid-day trading 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird upgraded shares of BlackBerry (TSE:BB) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. Separately, analysts at Paradigm Capital cut their price target on shares of BlackBerry (TSE:BB) from C$15.00 to C$10.50 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of BlackBerry (TSE:BB) from C$5.00 to C$9.00 in a research note to investors on Tuesday. They now have a “sector perform” rating on the stock.
Ten 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. The stock currently 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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