A statement released earlier today by RBC Capital Markets about Blackberry (NASDAQ:BBRY) bumps the target price to $7.50
- Updated: October 1, 2016
RBC Capital Markets upped the price target of Blackberry (NASDAQ:BBRY) to $7.50 reporting a potential downside of -0.10%.
Showing a price of $8.33, Blackberry (NASDAQ:BBRY) traded 0.50% higher on the day. The last stock close price is up 9.24% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $7.80 and a 200-day moving average of $7.30. 5,706,052 shares of the stock were exchanged, up from an average trading volume of 4,237,360
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Blackberry has a 52 week low of $6.23 and a 52 week high of $9.46 The company’s market cap is currently $0.
In addition to RBC Capital Markets reporting its stock price target, a total of 21 brokers have issued a research note on the company. The average stock price target is $7.75 with 1 broker rating the stock a strong buy, 2 brokers rating the stock a buy, 16 brokers rating the stock a hold, 8 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Blackberry (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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