TD Securities Boosts BlackBerry (BB) Price Target to C$18.00
BlackBerry (TSE:BB) (NASDAQ:BBRY) had its price target lifted by TD Securities to C$18.00 in a research note issued to investors on Thursday, StockTargetPrices.com reports. The brokerage currently has a buy rating on the stock.
Several other research firms have also issued reports on BB. Royal Bank of Canada upped their price target on BlackBerry to C$13.00 and gave the company a sector perform rating in a research report on Friday, September 29th. BMO Capital Markets reissued a market perform rating and set a C$10.00 price target on shares of BlackBerry in a research report on Friday, September 29th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of C$13.50.
BlackBerry (BB) opened at C$14.74 on Thursday. BlackBerry has a 52-week low of C$8.98 and a 52-week high of C$15.87. The stock has a market capitalization of $7,850.00, a P/E ratio of 12.08 and a beta of 0.69.
In related news, Director John Chen sold 1,799,712 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of C$10.35, for a total transaction of C$18,627,019.20. Also, insider Steven Zipperstein sold 27,035 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of C$11.27, for a total value of C$304,684.45. Over the last three months, insiders have sold 1,857,825 shares of company stock worth $19,283,196.
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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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