BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY had its price objective boosted by research analysts at Canaccord Genuity Group from C$3.00 to C$4.75 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. Canaccord Genuity Group's target price would suggest a potential downside of 22.89% from the stock's previous close.
Separately, TD Securities raised BlackBerry from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 20th.
Get Our Latest Analysis on BlackBerry
BlackBerry Stock Down 2.2 %
Shares of BB traded down C$0.14 during mid-day trading on Tuesday, reaching C$6.16. The company had a trading volume of 660,904 shares, compared to its average volume of 3,245,798. The company has a debt-to-equity ratio of 30.90, a quick ratio of 1.49 and a current ratio of 1.37. The company has a market capitalization of C$2.55 billion, a price-to-earnings ratio of -19.85, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07. The firm has a 50-day moving average price of C$6.64 and a 200 day moving average price of C$4.66. BlackBerry has a 52 week low of C$2.89 and a 52 week high of C$8.86.
Insider Transactions at BlackBerry
In other news, Senior Officer Marjorie Jill Dickman sold 5,558 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of C$5.26, for a total transaction of C$29,248.42. Insiders own 1.70% of the company's stock.
About BlackBerry
(
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BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.
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