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RBC Capital announced BlackBerry (NASDAQ:BBRY), bumping up its stock price target to $7.50 today

Just yesterday BlackBerry (NASDAQ:BBRY) traded 5.71% higher at $8.33. BlackBerry’s 50-day moving average is $7.79 and its 200-day moving average is $7.30. The last closing price is up 14.10% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 23,407,251 shares of BBRY traded hands, up from an average trading volume of 4,071,280

In a report released on 9/29/2016 RBC Capital increased the stock price target of BlackBerry (NASDAQ:BBRY) from $7.00 to $7.50 reporting a possible downside of -0.10%.

See Chart Below

BlackBerry (NASDAQ:BBRY)

BlackBerry has a 52 week low of $6.03 and a 52 week high of $9.46 The company’s market cap is currently $0.

In addition to RBC Capital reporting its target price, a total of 21 firms have reported on the stock. The consensus target price is $7.75 with 1 firm rating the stock a strong buy, 2 firms rating the stock a buy, 16 firms rating the stock a hold, 8 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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