A statement released earlier today by Deutsche Securities about Blackberry (TSE:BB) bumps the target price to $7.00
- Updated: September 29, 2016
Deutsche Securities bumped up the target of Blackberry (TSE:BB) to $7.00 reporting a potential downside of -0.35%.
Previously on 9/26/2016, RBC Capital Markets reported on Blackberry (TSE:BB) raised the target price from $0.00 to $9.00. At the time, this indicated a possible downside of -0.13%.
Yesterday Blackberry (TSE:BB) traded -2.11% lower at $10.69. The company’s 50-day moving average is $10.16 and its 200-day moving average is $9.47. The last closing price is up 12.55% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 816,641 shares of BB traded hands, down from an average trading volume of 1,100,830
See Chart Below
Blackberry has a 52 week low of $7.99 and a 52 week high of $13.12 The company’s market cap is currently $0.
Also covering Blackberry's price target, a total of 7 equity analysts have released a research note on BB. The one year target is $8.06 with zero equity analysts rating the company a strong buy, 2 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Blackberry (TSE:BB)
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. The BlackBerry Technology Solutions business unit consists of five units: QNX, Certicom, Paratek, the BlackBerry IoT Platform and Intellectual Property and Patent Licensing (IPPL).
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.