BlackBerry (TSE:BB) Price Target Raised to C$14.00

BlackBerry (TSE:BB) (NASDAQ:BBRY) had its price objective upped by equities researchers at Royal Bank of Canada to C$14.00 in a report issued on Thursday, December 21st, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target suggests a potential downside of 17.65% from the company’s current price.

Several other research firms have also weighed in on BB. TD Securities increased their target price on BlackBerry to C$15.00 and gave the company a “buy” rating in a research note on Friday, September 29th. BMO Capital Markets restated a “market perform” rating and issued a C$10.00 price target on shares of BlackBerry in a research note on Friday, September 29th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of C$14.00.

BlackBerry (BB) opened at C$17.00 on Thursday. BlackBerry has a one year low of C$8.98 and a one year high of C$18.14. The stock has a market capitalization of $9,100.00, a price-to-earnings ratio of 20.48 and a beta of 0.69.

In other news, Director John Chen sold 1,799,712 shares of BlackBerry stock in a transaction on Monday, November 13th. The stock was sold at an average price of C$10.35, for a total value of C$18,627,019.20.

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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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