Credit Suisse reported on Blackberry (NASDAQ:BBRY), raising its target price to $6.00 today
- Updated: September 28, 2016
Having a price of $8.33, Blackberry (NASDAQ:BBRY) traded 5.71% higher on the day. The last stock close price is up 14.10% 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 $7.79 and a 200-day moving average of $7.30. Volume of trade was up over the average, with 23,407,251 shares of BBRY changing hands over the typical 4,071,280
Blackberry (NASDAQ:BBRY) had its stock price target increased to $6.00 by Credit Suisse in a report announced 9/29/2016. The latest target price indicates a possible downside of -0.28% based on the company's previous stock price.
With a total market value of $0, Blackberry has with a one year low of $6.03 and a one year high of $9.46 .
A total of 21 analysts have released a report on Blackberry. One analyst rating the company a strong buy, two analysts rating the company a buy, sixteen analysts rating the company a hold, eight analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $7.75.
General Company Details For 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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