BlackBerry Ltd (BB) Rating Reiterated by Royal Bank Of Canada
BlackBerry Ltd (TSE:BB)‘s stock had its “sector perform” rating restated by stock analysts at Royal Bank Of Canada in a research report issued on Monday. They presently have a C$9.00 price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential downside of 13.54% from the company’s previous close.
A number of other analysts have also issued reports on the stock. TD Securities restated a “buy” rating and set a C$9.00 target price on shares of BlackBerry in a research report on Thursday, September 22nd. CIBC decreased their target price on shares of BlackBerry from C$7.25 to C$7.00 in a research report on Friday, June 24th.
Shares of BlackBerry (TSE:BB) opened at 10.41 on Monday. BlackBerry has a 52-week low of $7.99 and a 52-week high of $13.12. The stock’s market cap is $5.44 billion. The stock’s 50 day moving average price is $10.14 and its 200-day moving average price is $9.46.
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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