BlackBerry (NYSE:BB)‘s stock had its “hold” rating reaffirmed by equities researchers at Canaccord Genuity in a note issued to investors on Thursday. They currently have a $11.00 target price on the stock. Canaccord Genuity’s price objective points to a potential downside of 5.17% from the stock’s current price.
Several other research firms have also issued reports on BB. Vetr lowered BlackBerry from a “sell” rating to a “strong sell” rating and set a $10.12 target price for the company. in a research report on Wednesday, October 11th. TD Securities boosted their target price on BlackBerry from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded BlackBerry from a “hold” rating to a “strong-buy” rating and set a $13.00 target price for the company in a research report on Wednesday, October 4th. BMO Capital Markets restated a “hold” rating and set a $10.00 target price on shares of BlackBerry in a research report on Friday, September 29th. Finally, Royal Bank of Canada boosted their target price on BlackBerry from $9.50 to $10.50 and gave the stock a “sector perform” rating in a research report on Friday, September 29th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $10.14.
Shares of BlackBerry (NYSE BB) opened at $11.60 on Thursday. The company has a quick ratio of 5.17, a current ratio of 5.19 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $6,450.10, a PE ratio of 21.48 and a beta of 1.09. BlackBerry has a 12-month low of $6.65 and a 12-month 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.
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