BlackBerry Ltd (NYSE:BB) shares gapped up before the market opened on Thursday after CIBC raised their price target on the stock from $13.00 to $15.00. The stock had previously closed at $11.28, but opened at $12.02. CIBC currently has a positive rating on the stock. BlackBerry shares last traded at $13.53, with a volume of 23116500 shares.
A number of other brokerages have also issued reports on BB. Zacks Investment Research upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Thursday. Canaccord Genuity reiterated a “hold” rating and set a $11.00 price target on shares of BlackBerry in a research note on Thursday, December 21st. BMO Capital Markets reiterated a “hold” rating and set a $12.00 price target on shares of BlackBerry in a research note on Thursday, December 21st. Royal Bank of Canada boosted their price target on shares of BlackBerry from $10.50 to $11.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 21st. Finally, TD Securities boosted their price objective on shares of BlackBerry from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Five analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.48.
The firm has a market capitalization of $7,170.00, a price-to-earnings ratio of 13.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.26 and a quick ratio of 4.26.
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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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