BlackBerry Ltd (BB) Price Target Raised to C$7.00
BlackBerry Ltd (TSE:BB) had its price target raised by analysts at Deutsche Bank AG from C$6.50 to C$7.00 in a report issued on Thursday. Deutsche Bank AG’s price objective would suggest a potential downside of 35.72% from the stock’s previous close.
A number of other analysts have also issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$9.00 price target on shares of BlackBerry in a research note on Monday. TD Securities reaffirmed a “buy” rating and issued a C$9.00 price target on shares of BlackBerry in a research note on Thursday, September 22nd. Finally, CIBC lowered their price target on BlackBerry from C$7.25 to C$7.00 in a research note on Friday, June 24th.
BlackBerry (TSE:BB) traded down 1.01% on Thursday, hitting $10.78. The stock had a trading volume of 555,145 shares. The company’s market cap is $5.64 billion. The company has a 50-day moving average of $10.16 and a 200 day moving average of $9.47. BlackBerry has a 12 month low of $7.99 and a 12 month high of $13.12.
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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