BlackBerry Ltd (BB) Price Target Cut to C$9.00

BlackBerry Ltd (TSE:BB) had its price objective dropped by stock analysts at TD Securities from C$10.00 to C$9.00 in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential downside of 13.96% from the stock’s previous close.

BB has been the subject of a number of other research reports. Deutsche Bank AG upped their price objective on BlackBerry from C$6.50 to C$7.00 in a report on Thursday. CIBC dropped their price objective on BlackBerry from C$7.25 to C$7.00 in a report on Friday, June 24th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$9.00 price objective on shares of BlackBerry in a report on Wednesday, July 20th.

BlackBerry (TSE:BB) opened at 10.46 on Thursday. The company has a 50 day moving average price of $10.17 and a 200-day moving average price of $9.48. The company’s market capitalization is $5.47 billion. BlackBerry has a 52 week low of $7.99 and a 52 week high of $13.12.

BlackBerry Company Profile

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.

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