BlackBerry (TSE:BB) Given New C$11.00 Price Target at Imperial Capital

BlackBerry (TSE:BB) (NASDAQ:BBRY) had its price target raised by Imperial Capital from C$10.00 to C$11.00 in a research report report published on Friday, December 22nd, reports. The brokerage currently has an in-line rating on the stock.

A number of other analysts have also recently weighed in on the stock. TD Securities increased their price objective 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 increased their price objective 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 reaffirmed a market perform rating and issued a C$10.00 price objective 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 stock has a consensus rating of Hold and a consensus price target of C$14.00.

Shares of BlackBerry (TSE:BB) opened at C$17.00 on Friday. The firm has a market cap of $9,100.00, a price-to-earnings ratio of 20.48 and a beta of 0.69. BlackBerry has a twelve month low of C$8.98 and a twelve month high of C$18.14.

In other news, Director John Chen sold 1,799,712 shares of the firm’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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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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