BlackBerry Ltd (BB) Given Market Perform Rating at BMO Capital Markets

BMO Capital Markets restated their market perform rating on shares of BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) in a research note published on Monday, June 26th. The brokerage currently has a C$10.00 price objective on the stock.

BB has been the subject of several other research reports. Royal Bank Of Canada raised their price objective on shares of BlackBerry to C$12.50 and gave the stock a sector perform rating in a report on Thursday, April 13th. TD Securities reissued a buy rating and issued a C$10.00 price target on shares of BlackBerry in a report on Tuesday, March 28th. Raymond James Financial, Inc. lowered shares of BlackBerry from an outperform rating to a market perform rating and set a C$13.50 price target for the company. in a report on Monday, May 29th. Finally, Scotiabank reissued a sector perform rating and issued a C$8.00 price target on shares of BlackBerry in a report on Tuesday, March 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of C$11.25.

Shares of BlackBerry (TSE BB) traded down 1.57% during trading on Monday, reaching $12.57. The company had a trading volume of 1,193,221 shares. The firm has a 50-day moving average of $13.62 and a 200-day moving average of $11.44. BlackBerry has a 12-month low of $8.93 and a 12-month high of $15.82. The company has a market cap of $6.67 billion and a P/E ratio of 51.73.

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In other BlackBerry news, insider Nita White-Ivy sold 28,388 shares of BlackBerry stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of C$10.63, for a total transaction of C$301,764.44. Also, Director Michael Alan Daniels bought 7,300 shares of the stock in a transaction on Wednesday, May 3rd. The shares were acquired at an average cost of C$9.28 per share, with a total value of C$67,744.00.

About BlackBerry

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.

Analyst Recommendations for BlackBerry (TSE:BB)




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