BlackBerry Ltd (BB) Rating Reiterated by TD Securities
BlackBerry Ltd (TSE:BB)‘s stock had its “buy” rating reiterated by equities researchers at TD Securities in a report issued on Thursday. They currently have a C$9.00 price objective on the stock. TD Securities’ target price suggests a potential downside of 11.76% from the company’s previous close.
A number of other research firms have also commented on BB. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$10.00 price objective on shares of BlackBerry in a research note on Monday, June 20th. CIBC reduced their price objective on BlackBerry from C$7.25 to C$7.00 in a research note on Friday, June 24th.
Shares of BlackBerry (TSE:BB) traded up 0.78% during mid-day trading on Thursday, reaching $10.28. 410,697 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $10.12 and a 200-day moving average price of $9.48. The company’s market capitalization is $5.38 billion. BlackBerry has a 1-year low of $7.99 and a 1-year high of $13.12.
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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