BlackBerry Ltd (BB) Price Target Raised to C$15.25
BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) had its price target raised by equities researchers at TD Securities to C$15.25 in a research report issued to clients and investors on Monday, June 26th, StockTargetPrices.com reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 19.70% from the stock’s current price.
A number of other equities analysts have also recently commented on the company. BMO Capital Markets set a C$8.00 target price on BlackBerry and gave the company a “market perform” rating in a report on Monday, April 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a C$12.50 price target on shares of BlackBerry in a research report on Wednesday, June 21st. Raymond James Financial, Inc. lowered BlackBerry from an “outperform” rating to a “market perform” rating and set a C$13.50 price objective for the company. in a research report on Monday, May 29th. Finally, Scotiabank reiterated a “sector perform” rating and issued a C$8.00 price objective on shares of BlackBerry in a research report on Tuesday, March 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$11.25.
BlackBerry (TSE:BB) traded down 0.31% on Monday, hitting $12.71. The stock had a trading volume of 1,376,659 shares. The company has a market cap of $6.75 billion and a price-to-earnings ratio of 52.30. The company has a 50 day moving average price of $14.20 and a 200-day moving average price of $11.17. BlackBerry has a 52-week low of $8.49 and a 52-week high of $15.82.
In related news, insider Nita White-Ivy sold 28,388 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of C$10.63, for a total value of C$301,764.44. Also, Director Michael Alan Daniels acquired 7,300 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was acquired at an average price of C$9.28 per share, with a total value of C$67,744.00.
BlackBerry Company Profile
BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.
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