Brokerages Set BlackBerry Ltd (BB) Price Target at $14.00
Shares of BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) have been assigned an average recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$14.00.
A number of equities analysts recently commented on BB shares. TD Securities lifted their price objective on BlackBerry to C$15.00 and gave the stock a “buy” rating in a research note on Friday, September 29th. BMO Capital Markets reissued a “market perform” rating and issued a C$10.00 price target on shares of BlackBerry in a research note on Friday, September 29th. Finally, Royal Bank of Canada boosted their price target on BlackBerry to C$14.00 and gave the company a “sector perform” rating in a research note on Thursday, December 21st.
In other news, 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 transaction of C$18,627,019.20.
BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its quarterly earnings data on Wednesday, December 20th. The company reported C$0.01 EPS for the quarter, topping the Zacks’ consensus estimate of C($0.05) by C$0.06. BlackBerry had a return on equity of 2.77% and a net margin of 7.98%.
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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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