BlackBerry Ltd (BB) Given New C$15.00 Price Target at TD Securities
BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) had its price objective increased by TD Securities to C$15.00 in a research report sent to investors on Friday morning, StockTargetPrices.com reports. The firm currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on BB. Royal Bank Of Canada reissued a sector perform rating and set a C$12.50 target price on shares of BlackBerry in a report on Tuesday, June 27th. BMO Capital Markets restated a market perform rating and issued a C$10.00 price target on shares of BlackBerry in a research report on Monday, June 26th. Finally, Scotiabank lifted their price target on shares of BlackBerry to C$14.50 and gave the company an outperform rating in a report on Monday, June 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of C$13.20.
BlackBerry (BB) opened at 14.21 on Friday. The company’s 50 day moving average price is $11.47 and its 200-day moving average price is $12.28. The stock has a market cap of $7.53 billion and a price-to-earnings ratio of 14.69. BlackBerry has a 12-month low of $8.98 and a 12-month high of $15.82.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.watchlistnews.com/blackberry-ltd-bb-given-new-c15-00-price-target-at-td-securities/1604426.html.
In related news, insider Martin James Beard bought 8,999 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were purchased at an average cost of C$11.15 per share, with a total value of C$100,338.85. Also, insider Sandeep Chennakeshu sold 199,104 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of C$8.56, for a total value of C$1,704,330.24.
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.
Receive News & Ratings for BlackBerry Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.