BlackBerry (NASDAQ:BBRY) target price raised to $8.50, issued a report today by Imperial Capital
- Updated: September 30, 2016
Yesterday BlackBerry (NASDAQ:BBRY) traded 0.50% higher at $7.94. The company’s 50-day moving average is $7.80 and its two hundred day average is $7.30. With the last close up 9.24% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was up over the average, with 5,706,052 shares of BBRY changing hands over the typical 4,237,360
In a report released on 09/30/2016 Imperial Capital increased the stock price target of BlackBerry (NASDAQ:BBRY) from $7.00 to $8.50 reporting a possible upside of 0.07%.
Previously on 9/29/2016, Macquarie reported about BlackBerry (NASDAQ:BBRY) raised the target price from $7.00 to $8.50. At the time, this indicated a possible upside of 0.02%.
With a total market value of $0, BlackBerry has with a one year low of $6.23 and a one year high of $9.46 .
In addition to Imperial Capital reporting its stock price target, a total of 21 brokerages have issued a ratings update on the company. The average stock price target is $7.75 with 1 brokerage rating the stock a strong buy, 2 brokerages rating the stock a buy, 16 brokerages rating the stock a hold, 8 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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