BlackBerry (NYSE:BB) had its price target increased by Imperial Capital from $10.00 to $11.00 in a report released on Saturday. The brokerage presently has a “line” rating on the stock. Imperial Capital’s target price indicates a potential downside of 1.52% from the stock’s previous close.
Several other research firms have also issued reports on BB. Canaccord Genuity restated a “hold” rating and set a $11.00 price target on shares of BlackBerry in a research report on Thursday, December 21st. BMO Capital Markets restated a “hold” rating and set a $12.00 price target on shares of BlackBerry in a research report on Thursday, December 21st. Royal Bank of Canada increased their price objective on BlackBerry from $10.50 to $11.00 and gave the stock a “sector perform” rating in a report on Thursday, December 21st. TD Securities increased their price objective on BlackBerry from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Finally, Scotiabank reiterated a “buy” rating and issued a $12.50 price objective on shares of BlackBerry in a report on Thursday, December 21st. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.26.
BlackBerry (BB) opened at $11.17 on Friday. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $6,087.08, a PE ratio of 20.69 and a beta of 1.09. BlackBerry has a 1 year low of $6.65 and a 1 year high of $12.36.
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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.
