BlackBerry (TSE:BB) Price Target Raised to C$18.00 at TD Securities

BlackBerry (TSE:BB) (NASDAQ:BBRY) had its price objective increased by TD Securities to C$18.00 in a report issued on Thursday, December 21st, StockTargetPrices.com reports. They currently have a buy rating on the stock.

Several other equities research analysts have also commented on BB. Royal Bank of Canada upped their price objective on BlackBerry to C$14.00 and gave the stock a sector perform rating in a research report on Thursday, December 21st. BMO Capital Markets reaffirmed a market perform rating and set a C$10.00 target price on shares of BlackBerry in a research note on Friday, September 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of C$14.00.

Shares of BlackBerry (TSE BB) opened at C$17.00 on Thursday. The company has a market capitalization of $9,100.00, a P/E ratio of 20.48 and a beta of 0.69. BlackBerry has a 52-week low of C$8.98 and a 52-week high of C$18.14.

In other BlackBerry news, Director John Chen sold 1,799,712 shares of the company’s 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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