BlackBerry (BB) Hits New 1-Year High at $18.02
Shares of BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) hit a new 52-week high on Tuesday . The company traded as high as C$18.02 and last traded at C$17.51, with a volume of 3288865 shares. The stock had previously closed at C$17.17.
A number of analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of BlackBerry to C$13.00 and gave the stock a “sector perform” rating in a report on Friday, September 29th. BMO Capital Markets reissued a “market perform” rating and set a C$10.00 target price on shares of BlackBerry in a report on Friday, September 29th. Finally, TD Securities increased their target price on shares of BlackBerry to C$15.00 and gave the stock a “buy” rating in a report on Friday, September 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. BlackBerry currently has an average rating of “Hold” and a consensus price target of C$14.00.
The firm has a market capitalization of $9,620.00, a price-to-earnings ratio of 14.71 and a beta of 0.69.
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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.
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