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A statement released earlier today by Macquarie about BlackBerry Ltd (NASDAQ:BBRY) ups the target price to $8.50

In a report released on 9/29/2016 Macquarie upped the price target of BlackBerry Ltd (NASDAQ:BBRY) from $7.00 to $8.50 reporting a potential upside of 0.02%.

Yesterday BlackBerry Ltd (NASDAQ:BBRY) traded 5.71% higher at $8.33. The company’s 50-day moving average is $7.79 and its two hundred day average is $7.30. With the last stock price close up 14.10% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was up over the average, with 23,407,251 shares of BBRY changing hands over the typical 4,071,280

Performance Chart

BlackBerry Ltd (NASDAQ:BBRY)

With a total market value of $0, BlackBerry Ltd has with a one year low of $6.03 and a one year high of $9.46 .

A total of 21 equity analysts have released a ratings update on BBRY. One equity analyst rating the company a strong buy, two equity analysts rating the company a buy, sixteen equity analysts rating the company a hold, eight equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $7.75.

Brief Synopsis About BlackBerry Ltd (NASDAQ:BBRY)

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).

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