William Blair reiterated Blackberry (NDAQ:BBRY) to Market Perform in a statement released earlier today.
- Updated: April 20, 2017
William Blair has reiterated Blackberry (NDAQ:BBRY) to Market Perform in a statement released on 4/20/2017.
On 4/18/2017, BMO Capital Markets released a statement for Blackberry (NDAQ:BBRY) bumped up the target price from $8.00 to $9.00 that suggested an upside of 0.03%.
Yesterday Blackberry (NDAQ:BBRY) traded 1.90% higher at $9.05. The company’s 50-day moving average is $7.43 and its 200-day moving average is $7.36. The last closing price is up 23.64% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 12,419,450 shares of the stock were exchanged, up from an average trading volume of 6,048,900
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Blackberry has a 52 week low of $6.23 and a 52 week high of $9.19 The company’s market cap is currently $0.
In addition to William Blair reporting its target price, a total of 21 brokers have issued a report on the stock. The consensus target price 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 (NDAQ: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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