BlackBerry Ltd (BB) PT Lowered to C$9.00 at TD Securities
BlackBerry Ltd (TSE:BB) had its price objective decreased by equities researchers at TD Securities from C$10.00 to C$9.00 in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential downside of 13.79% from the stock’s previous close.
Several other equities research analysts have also weighed in on BB. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$10.00 target price on shares of BlackBerry in a report on Monday, June 20th. CIBC lowered their target price on shares of BlackBerry from C$7.25 to C$7.00 in a report on Friday, June 24th. Finally, Deutsche Bank AG upped their target price on shares of BlackBerry from C$6.50 to C$7.00 in a report on Thursday.
Shares of BlackBerry (TSE:BB) traded up 0.10% during mid-day trading on Thursday, reaching $10.45. 491,695 shares of the company traded hands. BlackBerry has a 52-week low of $7.99 and a 52-week high of $13.12. The stock’s 50 day moving average is $10.16 and its 200 day moving average is $9.48. The stock’s market capitalization is $5.46 billion.
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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