BlackBerry (TSE:BB) (NASDAQ:BBRY) had its price objective increased by investment analysts at Royal Bank of Canada to C$14.00 in a research report issued on Thursday, reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential downside of 10.20% from the company’s current price.

Several other brokerages have also recently issued reports on BB. TD Securities lifted their target price on BlackBerry to C$15.00 and gave the stock a “buy” rating in a report on Friday, September 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$10.00 target price on shares of BlackBerry in a report on Friday, September 29th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$14.00.

BlackBerry (BB) traded up C$1.62 during trading hours on Thursday, reaching C$15.59. The company’s stock had a trading volume of 6,948,435 shares, compared to its average volume of 1,636,209. BlackBerry has a twelve month low of C$8.98 and a twelve month high of C$15.87.

In related news, insider Martin James Beard acquired 8,999 shares of BlackBerry stock in a transaction on Thursday, September 28th. The shares were bought at an average cost of C$11.15 per share, with a total value of C$100,338.85. Also, Director John Chen sold 1,799,712 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of C$10.35, for a total value of C$18,627,019.20. Insiders sold 1,857,825 shares of company stock worth $19,283,196 over the last ninety days.

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About BlackBerry

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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