BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY)’s share price traded down 2.5% during trading on Wednesday . The company traded as low as C$17.57 and last traded at C$17.94. 3,742,532 shares were traded during mid-day trading, a decline of 10% from the average session volume of 4,151,816 shares. The stock had previously closed at C$17.51.

A number of equities analysts have commented on the stock. TD Securities boosted their target price on shares of BlackBerry to C$18.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Royal Bank of Canada boosted their target price on shares of BlackBerry to C$14.00 and gave the stock a “sector perform” rating in a report on Thursday, December 21st. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$10.00 target price on shares of BlackBerry in a report on Friday, September 29th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$14.00.

The company has a market capitalization of $9,210.00, a price-to-earnings ratio of 20.69 and a beta of 0.69.

In other news, Director John Chen sold 1,799,712 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of C$10.35, for a total transaction of C$18,627,019.20.

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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.

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