BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) has received a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$14.00.
Several research analysts have issued reports on the stock. Royal Bank of Canada raised their price target on shares of BlackBerry to C$13.00 and gave the stock a “sector perform” rating in a report on Friday, September 29th. BMO Capital Markets restated a “market perform” rating and set a C$10.00 price target on shares of BlackBerry in a report on Friday, September 29th. Finally, TD Securities raised their price target on shares of BlackBerry to C$18.00 and gave the stock a “buy” rating in a report on Thursday, December 21st.
In other news, Director John Chen sold 1,799,712 shares of the firm’s stock in a transaction that occurred on 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.
BlackBerry (TSE:BB) traded up C$0.12 during trading on Tuesday, reaching C$16.63. 2,670,000 shares of the company’s stock traded hands, compared to its average volume of 2,770,000. BlackBerry has a 52-week low of C$8.98 and a 52-week high of C$18.14. The company has a market cap of $8,920.00, a price-to-earnings ratio of 20.28 and a beta of 0.69.
BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its quarterly earnings results on Wednesday, December 20th. The company reported C$0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.05) by C$0.06. BlackBerry had a net margin of 7.98% and a return on equity of 2.77%.
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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